Hong Kong Stock Movement: SUCCESS DRAGON's stock price surged after positive earnings, but a lukewarm attitude from investment banks raises a 15% correction risk?

Hong Kong Stock Movement

SUCCESS DRAGON fell 15%. Based on recent key news:

1. On November 17, SUCCESS DRAGON announced that it expects to record a net profit of approximately HKD 25.7 million for the six months ending September 30, 2025, compared to a net loss of approximately HKD 3.4 million for the same period last year. This turnaround from loss to profit is mainly due to increased revenue from gold ore processing in Henan Province, completion of infrastructure construction, and the resumption of gold ore production. This news has attracted market attention, leading to stock price fluctuations.

2. On November 18, Zhitong Finance reported that SUCCESS DRAGON's stock surged over 125% after the profit announcement, and as of the time of writing, it was up 86.27%, trading at HKD 0.95, with a transaction volume of HKD 5.8879 million. The market's positive reaction to the company's profit expectations has driven the stock price significantly higher.

3. On November 17, SUCCESS DRAGON's announcement indicated that investment banks have low interest in the stock, with no ratings given by investment banks in the past 90 days. Despite the improvement in profit expectations, the lack of support from investment banks may affect investor confidence. The gold ore processing industry has been active recently.

Stocks with High Transaction Volume in the Industry

Zijin Mining rose 1.56%. Based on recent key news:

1. On November 19, gold stocks rebounded in the morning, with Zijin Mining benefiting from the rise in gold prices. COMEX gold prices recently fell below USD 4,000 per ounce, but market expectations for a Federal Reserve rate cut have fluctuated, leading to a rebound in gold ETF investment demand, which has pushed up Zijin Mining's stock price. Source: Zhitong Finance

2. On November 18, Zijin Mining saw large transactions, with transaction amounts exceeding HKD 20 million, indicating strong market interest in the stock. Such large transactions typically indicate participation from institutional investors, further supporting the stock price. Source: Zhitong Finance

3. On November 17, Zijin Mining released an announcement emphasizing its strategic position in the gold market, attracting investor attention. In the context of de-dollarization, the trend of global central banks increasing gold holdings continues, maintaining a positive outlook on gold prices. Source: Zhitong Finance. The volatility in the gold market has intensified, and investors should exercise caution.

Zijin Gold International rose 3.62%. Based on recent news:

1. On November 17, the Hong Kong Stock Exchange announced that Zijin Gold International will be included in the designated securities list for short selling starting November 21. This news may have increased market attention on the stock, driving up its price.

2. On November 18, despite the overall decline in gold stocks, Zijin Gold International rose against the trend. Comments from Federal Reserve Vice Chairman Jefferson led to a decrease in market expectations for a rate cut in December, resulting in a drop in gold prices, but the short selling qualification of Zijin Gold International may have attracted more investors.

3. No other significant news recently. Overall performance of gold stocks has been weak, and the market is sensitive to changes in Federal Reserve policy.

China Gold International rose 4.67%. Based on recent key news:

1. On November 19, gold stocks rebounded in the morning, with China Gold International rising 3.37%. Fluctuations in COMEX gold prices affected market sentiment, and inconsistent investor expectations regarding Federal Reserve policy led to gold price volatility Source: Zhitong Finance

2. On November 18, Guosen Securities reported that China Gold International's performance in the first three quarters was strong, with significant growth in revenue and net profit, benefiting from rising gold and copper prices and cost optimization. The company's growth potential is optimistic, maintaining an "outperform" rating. Source: Guosen Securities

3. On November 18, the resumption of production and capacity expansion plans at the Jiamar mining area boosted market confidence. The company expects significant growth in revenue and net profit from 2025 to 2027, maintaining an "outperform" rating. Source: Zhitong Finance Gold ETF demand is increasing, and global central banks are increasing their gold holdings.

Stocks ranked among the top in industry market capitalization

Shandong Gold rose 5.77%. Based on recent key news:

1. On November 19, gold stocks rebounded in the morning, with Shandong Gold rising 1.8%. COMEX gold price fluctuations affected market sentiment, and inconsistent investor expectations regarding Federal Reserve policy led to poor gold price performance. Source: Zhitong Finance

2. On November 17, Shandong Gold's third-quarter financial report showed that although the gross profit margin slightly increased, the net profit margin fell sharply by 27.08%, with a surge in period expenses and significant growth in management expenses, reflecting cost pressures. Source: Zhitong Finance Gold ETF demand is increasing, and the trend of central banks increasing their gold holdings continues