中國黃金國際(2099.HK):公司運營穩定, 維持“中性“評級
機構:國泰君安
金價和銅價在2019年三季度保持區間波動。銅價在5,600美元/噸-6,000美元/噸之間波動,金價在1,500美元/盎司的價位附近波動。
維持銅價和金價假設不變。我們預計全球銅市場在2019年和2020年將保持平穩,2019年年度銅均價將在6,100美元/噸左右。我們預計金價在2019年四季度將在1,500美元/盎司左右波動,年度均價將在1,400美元/盎司左右。
維持礦產品產量假設不變。在2019年,公司計劃生產21萬盎司礦產金和大約59,870噸礦產銅。長山壕礦金的產量預計將維持在145,000盎司的水平,但甲瑪礦的礦銅產量由於產能擴大將繼續增長。

Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.