BOC International Adjusts SD Gold's Price Target Higher While Retaining Positive Outlook
Stock News
Yesterday
BOC International has released a research report indicating that SD GOLD (01787) recorded a net profit of approximately RMB 3.5 billion for the first half of 2026, marking a year-on-year increase of 26%. This figure surpassed the bank's expectations by 33%, primarily attributed to lower-than-anticipated unit costs.
Consequently, the institution has maintained its "Buy" rating while slightly revising the target price upward from HK$39.99 to HK$40.36. Looking ahead, the bank projects a 23% sequential decline in earnings for the second half of the year, driven by falling gold prices and rising operational costs.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.