Open Source Securities Metals 24-year Mid-Term Investment Strategy: Gold and copper allocations drive the start of a new cycle through supply constraints throughout the year

Looking at 2024H2, risk aversion and credit risk hedge against gold prices, and substantial catalysts for interest rate cuts still exist. On the demand side, the rise in copper prices in this round originated overseas. The traditional model for tracking domestic demand may face challenges. The weakening domestic demand is more reflected in the widening price spread at home and abroad.

Zhitong FinanceMay 9 21:56

Express News | Today, 66 individual stocks were traded in bulk, with Liancheng CNC leading the discount rate of 30.91%

BreakingsMay 9 04:51

CICC Gold (600489): Q1 mineral gold production increased, gold and copper prices increased, performance increased

Incident: 1) The company released its 2023 annual report. The company achieved operating income of 61,244 billion yuan in 2023, an increase of 7.20% over the previous year; net profit to mother was 2,978 billion yuan, an increase of 57.11% over the previous year; deducted

國聯證券May 8 05:21

Gold stocks fluctuated and rallied. Western gold rose or stopped, Xiaocheng Technology rose more than 6%, while Lai Shen Tongling, Sichuan Gold, Hunan Gold, Shandong Gold, and China Gold rose.

Gold stocks fluctuated and rallied. Western gold rose or stopped, Xiaocheng Technology rose more than 6%, while Lai Shen Tongling, Sichuan Gold, Hunan Gold, Shandong Gold, and China Gold rose.

Zhitong FinanceMay 7 22:22

China League Securities: Many factors suppressing metal prices in 24 years are expected to ease continued optimism about investment opportunities in the non-ferrous metals sector

Guolian Securities released a research report saying that many factors suppressing metal prices in 2024 are expected to be mitigated, and the pace of global economic recovery in the post-pandemic era may become the core of non-ferrous metal pricing. As the Federal Reserve's interest rate hike comes to an end, the US dollar index falls significantly, and global liquidity is expected to improve, compounding expectations for China's economic recovery; continue to be optimistic about investment opportunities in the non-ferrous metals sector and maintain the industry's “better than the big market” rating. We recommend Luoyang Molybdenum (603993.SH), Zijin Mining (601899.SH), and Jin Chengxin (603979.SH), which are expected to increase copper production in 2024; profits are expected to continue to be optimized

Zhitong FinanceMay 6 02:17

CICC Gold (600489): The performance is in line with expectations, and the injection of high-quality gold mine assets can be expected to grow

Investment highlights: Event: The company announced 2023 and 2024Q1 results, which are in line with expectations. 1) Achieved revenue of 61.26 billion yuan (yoy +7.2%) and net profit of 2.98 billion yuan to mother in 2023 (yoy+

申萬宏源研究May 6 01:32