BofA Securities says Zijin Gold International (02259.HK) reported 1H net profit
of US$1.45bn, slightly above its prior guidance of about US$1.4bn, and declared
an interim dividend for the first time. The firm raised its PT from HK$140 to
HK$150 and reiterated a Buy rating. It lifted its full-year net profit forecast
by 3% to US$3.1bn, citing lower unit cost assumptions based on year-to-date
performance.
