Lates News

Bank of America Securities released a report stating that in the first half of the year, China Gold Corporation's net profit increased by 94% year-on-year to 4.3 billion yuan, exceeding the previous profit expectations by about 9%. Profit increased by 131% year-on-year to 2.3 billion yuan. The bank predicts that China Gold Corporation's underwriting fees in Hong Kong will increase by 86% year-on-year, accounting for over 30% of total underwriting fees, and expects the growth momentum of offshore business to remain steady in the second half of the year. The bank has raised the group's earnings per share forecast for this year by 2%, increasing the target price from 25.7 Hong Kong dollars to 25.9 Hong Kong dollars, maintaining a "buy" rating.