Guotai Haitong Securities: Initiates coverage on Zijin Gold International (02259.HK) with "Outperform" rating, target price HK$163.8

Zhitong Finance APP has learned that Guotai Haitong Securities issued a research report stating that it expects Zijin Gold International (02259.HK) to have EPS of 1.05/1.25/1.62 USD per share for 2026-2028, respectively. With reference to comparable companies, a 2026 PE of 20x is applied for valuation, and the company is given a 2026 target price of HKD 163.8 (with the exchange rate calculated at 1 USD to 7.8 HKD). This is the first coverage, with an "Accumulate" rating; the bank believes that the company's organic and external growth will jointly help increase output, and gold production and performance will be released as scheduled.