Morgan Stanley: Zijin Gold International (02259.HK) reiterates gold production of approximately 59 tonnes for this year, maintains "Overweight" rating.

Zhitong Finance APP has learned that Morgan Stanley has issued a research report stating that Zijin Gold International (02259.HK) management has reiterated its gold production target of approximately 59 tonnes for this year, and through organic growth, aims to increase production capacity to approximately 70 tonnes by 2028; in addition, the company is formulating a dividend policy, with the payout ratio to be linked to profitability. The bank maintains its "Overweight" rating on the company, with a target price of HK$189.