BK0309 Gold Concept
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Is its trading company caught in a “vortex of emptying” New York copper? Luoyang Molybdenum Industry issued a response
① This week, the New York copper market experienced an epic round of shorting; ② In this round of crazy shorting, Luoyang Molybdenum's trading company Exxon (IXM) was also reported by the media to be in a “vortex” due to holding a large number of short positions; ③ Luoyang Molybdenum plummeted by about 5% in the A-share market on Thursday. Luoyang Molybdenum Industry officially issued a statement to respond to this on Thursday.
The copper market has been emptied historically! The empty side is IXM owned by Torque and Lomoly?
The report said that commodity trading giant Torque and IXM, a subsidiary of China's Luoyang Molybdenum Industry, are trying to buy physical copper to settle their large short positions on the US CME exchange.
The quarterly adjustment of the MSCI Index excludes 15 Hong Kong stocks. The effective date is scheduled for early June
① Which individual stocks will MSCI China adjust quarterly? ② How much impact does the MSCI Index have on the market?
Old gold stores switched to Hong Kong stocks: pre-IPO valuations soared nearly 9 times, and 32 stores earned an average revenue of 93.9 million
① From 2021 to 2023, revenue was 1,265 billion yuan, 1,294 billion yuan, and 3.18 billion yuan, respectively. ② As of December 31, 2023, Old Gold has 32 stores in 13 cities across the country, closed 2, and is currently operating 30. ③ During the reporting period, gross margins were 41.2%, 41.9% and 41.9% respectively, exceeding 40% for three consecutive years.
Strong inflow of foreign capital is another trend vane: Middle Eastern tycoons increase their presence in China, and multinational sovereign wealth funds continue to lay out A-shares
① The Abu Dhabi Investment Authority and the Kuwait Investment Authority held a large number of A-share listed companies in the first quarter; ② the Middle East Sovereign Fund also stepped up research on A-shares ③ Other overseas sovereign wealth funds are increasing their layout in the Chinese market.
Production of the two major mines in the Democratic Republic of the Congo (DRC) hit a record high in a single quarter, and the net profit of the Luoyang Molybdenum industry increased more than fivefold in Q1 | Financial Report Interpretation
① Luoyang Molybdenum's Q1 net profit increased more than fivefold; ② KFM and TFM production of the two major copper-cobalt mines in the Democratic Republic of the Congo (DRC) reached record highs in the first quarter.
Weekly preview | Tech giants set off a frenzy of results releases! Tesla, Meta, Microsoft, and Google are on the list one after another
US GDP for the first quarter and core PCE data for March will be released. China's April LPR will be announced on Monday; the Bank of Japan will announce the new interest rate decision on Friday.
[Data review] Northbound Capital reduced its positions for 8 consecutive days, and many Zijin Mining's low-altitude economy concept stocks were bought by institutions
① Zijin Mining received a net sale of 377 million yuan from northbound capital today. The stock has been net sold for 8 consecutive trading days. ② Low-altitude economy concept stocks such as Wanfeng Aowei, CITIC Haizhi, and Andarville were all bought by institutions. Among them, Wanfeng Aowei was bought by an agency over 70 million.
Heavy warehouse bought back Meituan Kuaishou! Zhong Geng Qiu Dongrong's quarterly report revealed that there were many moves to adjust positions
Early this morning, Qiu Dongrong's products revealed a quarterly report.
Left-handed gold, right-handed silver, strong chain, Hunan Nonferrous Chairman's performance will call out new goals | Direct hit at the shareholders' meeting
① Hunan Gold plans to achieve consolidated revenue of 25.3 billion yuan this year, with gold production of 49.7 tons, 36,000 tons of antimony products, and 1,800 tons of tungsten products. ② Hunan Gold's main business is gold and antimony, which focus on resources. Hunan Baiyin is building an integrated entire industrial chain.
Expectations of interest rate cuts are cooling down and disrupting the global market. Where can it be expected to become a safe haven for capital?
Zheshang Securities believes that re-inflation trading is expected to continue, and industrial metals represented by copper still have room for further upward growth; although gold prices will also benefit from re-inflation trading, risk aversion is currently a more important influencing factor in gold prices.
Northbound Capital Purchase Report: Changan Auto received a net purchase of 435 million yuan
Northbound Capital made a significant net purchase of 2,022 billion yuan today.
The gold stock concept supports the shareholders of Raixen Tongling's 7th consecutive board to take the opportunity to reduce their holdings
① As of the close of trading on April 10, Rachen Psychics had achieved 7 consecutive rises and falls. The stock price once again reached 9 yuan after a lapse of 2 years, and the total market value returned to 3 billion yuan. ② The company's important shareholders reduced their holdings of the company's shares by a total of 1.9512 million shares on April 3 and April 9, respectively, accounting for 0.57% of the company's total share capital. This is more than half of the progress of the “no more than 1%” reduction plan previously disclosed.
Northbound Capital Purchase Report: Zijin Mining received net sales of 551 million yuan
On April 3, Northbound Capital had a net sale of 2,275 billion yuan throughout the day, which was a net sale for 2 consecutive trading days.
Hong Kong Stock Afternoon Review | The three major indices fell sharply, the science index fell more than 1%, and Xiaomi fell more than 3%; gold stocks rose against the market, and Zhaojin Mining rose nearly 6%
Auto stocks fell, with NIO falling more than 5%, and Xiaopeng Motors falling nearly 5%; most domestic housing stocks and property management stocks weakened, with Longhu Group falling nearly 3% and Sun Hung Kai Properties falling by more than 2%; many copper stocks rose, Minmetals Resources rose more than 5%, and Jiangxi Copper shares surpassed 3%.
The “big jewelry merchants” behind the gold craze grab the limelight of “gold miners”: Lao Fengxiang's strong rise and stopped at record highs, and the stock prices of Chifeng Gold and Sichuan Gold fell short at high levels
① Spot gold reached a new record high, with retail prices of pure gold jewelry generally rising. On the A-share side, Lao Fengxiang closed the day and reached a record high; ② According to a brokerage research report, the stock price performance of gold and jewelry companies has been better since the current rise in gold prices; ③ sort out the list of listed companies that responded to the impact of the rise in gold prices on related businesses this month (attached table).
A-share ranking in the first quarter: AI Seiko and Klay Mechatronics both won 13 consecutive boards and tied for the top of the list, while Shenzhen China A won 11 consecutive boards and ranked third
① Continuous bullish stocks emerged in the first quarter. At most, AI Seiko and Klay Mechatronics experienced 13 consecutive ups and downs. At the beginning of the year, Shenzhen China A had 11 consecutive boards and ranked third; ② Attached is the ranking of the number of consecutive A-share listed companies in the first quarter of 2024 (attached table).
A quick look at the Hong Kong market | Hong Kong stocks rebounded collectively! The Ke Index rose more than 2%, with TechNet shares and auto stocks leading the way. Meituan rose more than 6%, and Zero Sports Auto rose nearly 14%
Gold stocks rose across the board. Lingbao Gold rose nearly 24%, and Zhaojin Mining rose more than 8%; Apple concept stocks generally rose; Gaowei Electronics and Ruisheng Technology rose nearly 6%, and Qiutai Technology rose nearly 2%; gas stocks had mixed ups and downs. Beijing Holdings fell more than 22%, and Xinao Energy rose nearly 4%.
Overview of the Hong Kong market | The three major indices fell collectively. The Science Index fell more than 3%, the Science Network and Auto Stocks were sluggish throughout the day, Bilibili fell more than 9%, and Ideal Auto fell nearly 11%
Many shares of Science Network fell, with JD falling more than 5%, Meituan and Kuaishou falling more than 4%; gold stocks pulled back, Lingbao Gold fell nearly 6%, and Zhaojin Mining fell nearly 4%; semiconductor stocks continued to decline, with SMIC falling nearly 6%, and Shanghai Fudan and Huahong Semiconductors falling more than 4%.
Announcement Highlights: Xiaomi Q4's adjusted net profit increased 236.1% year on year; Xiaopeng Motor Q4's adjusted net loss decreased by 19.9% year on year
Li Ning's revenue in 2023 was 27.598 billion yuan, an increase of 7.0%; China Unicom's profit due to equity holders in 2023 was 18.7 billion yuan, an increase of 11.8% over the previous year.