JPMorgan: Is Gold Priced at $4,600 Really Expensive?

JPMorgan pointed out that, according to the traditional model (fair value of $1,000-$1,900), gold is significantly overvalued, but this does not mean it is "wrong"—the high premium reflects a rational pricing of geopolitical risks, damaged U.S. dollar credibility, and the failure of the 60/40 portfolio. The real drivers of the rally—the "century rebalancing" of Western pension funds into gold and stagflation trades—have yet to kick in, and $4,600 may be a worthwhile "insurance premium" to pay.

wallstreetcnMay 7 13:48

Special Power A: First Quarter Report for 2026

SZSIApr 28 00:00 · Announcements

Toray A's revenue in 2025 was 1.462 billion yuan, a year-on-year decrease of 44.08%. Net profit attributable to shareholders was 143 million yuan, a year-on-year increase of 4.56%. The gross margin for the full year increased by 8.01 percentage points.

The gross profit margin increased by 8.01 percentage points to 17.07%.

lanjinger.comApr 22 17:51

Shenzhen Tellus Holding: Annual Report 2025

SZSIApr 22 00:00 · Announcements

Shenzhen Tellus Holding: Summary of the Annual Report for 2025

SZSIApr 22 00:00 · Announcements

Tellus A (000025.SZ): Net profit increased by 4.56% year-on-year in 2025; proposes a dividend of RMB 1.1 per 10 shares.

Gelonghui, April 21st - Telix A (000025.SZ) released its annual report for the year 2025. In 2025, the company achieved operating revenue of 1.4616 billion yuan, representing a year-on-year decrease of 44.08%. The main reason for the revenue change was the company's proactive adjustment of its gold business model, among other factors. In 2025, the company reported a net profit attributable to parent company shareholders of 142.87 million yuan, an increase of 4.56% year-on-year. As of December 31, 2025, the company’s total assets amounted to 2.65016 billion yuan. A cash dividend of 1.1 yuan per 10 shares will be distributed to all shareholders.

Gelonghui FinanceApr 21 19:20