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Soochow Securities gives Shanjin International a buy rating

2024-08-12

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Meijing AI News,Soochow Securities released a research report on August 11, giving Shanjin International (000975.SZ) a buy rating. The reasons for the rating mainly include: 1) The company has rich resource reserves and plans to acquire Namibia's Osino Company to officially start its overseas layout; 2) The company has changed from a private system to a state-owned holding company, and Shandong Gold Group's entry into the company provides injection expectations for the company to increase reserves and expand production and achieve strategic goals; 3) The company's gold cost per gram is at a low level in the industry, and its net profit margin is leading in the industry; 4) The company's gold business concentration is high, and it fully benefits from the rise in gold prices; 5) The increase in the long-term debt ratio in the United States is effectively pushing gold to start a large upward cycle. Risk warning: The risk of national mine safety inspections exceeding expectations; the risk of the company's asset acquisition progress being lower than expected; the risk of lower gold prices due to the strengthening of the US dollar; the risk of weaker gold prices due to the global central bank's cessation of gold purchases.

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(Reporter Zhang Xiwei)

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