Tongguan Gold Group touches near 3-month high on robust earnings estimates
10/08/2026 07:46
BUZZ-Tongguan Gold Group touches near 3-month high on robust earnings estimates ** Shares of Tongguan Gold Group 0340.HK climb 3.1% to HK$2.855, their highest level since May 12 and extending gains to a fourth straight session
** HK-listed gold miner, with current market value of $1.94 billion, expects first-half net profit to rise 49%-55% y/y to HK$510 million-HK$530 million ($65.01 million-$67.56 million), thanks to higher selling price of its products
** Excluding impact of one-off tax expense, adjusted profit attributable is expected to jump 76%-82% to HK$605 million-HK$625 million
** YTD, stock up 2%, benchmark Hang Seng Index .HSI up 1%
($1 = 7.8451 Hong Kong dollars)
(Reporting by Donny Kwok)
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