One-week outlook | Will the transmission effect of tariffs be apparent? US CPI and retail data hit; Tencent Ali led the wave of Chinese securities earnings
The Hang Seng Index company will announce the first quarter results of the Hang Seng Index series review on Friday; Trump will visit three Middle Eastern countries; Powell and other Federal Reserve officials will speak, and the Federal Reserve will hold the second Thomas Laubach research conference.
Express News | Zijin Mining Group: Plans to spin off Zijin Gold International for listing on the Main Board of the Hong Kong Stock Exchange.
Last year's net profit grew by over 10% year-on-year, lagging behind the increase in gold prices. Zhongjin Gold Corp.,Ltd has adjusted its main product output for 2025|Interpretations.
① In 2024, Zhongjin Gold Corp.,Ltd's net income increased by 13.71% year-on-year, still lagging behind the rise in gold prices; ② The company has lowered the production of major non-ferrous products for 2025.
The "gold price" is killing the "gold ornaments"! Lao Feng Xiang and Chow Tai Seng Jewellery are facing tough times, while the popularity of the old store is particularly remarkable.
According to Morgan Stanley, the soaring gold prices are "killing" the traditional gold jewellery market, with Chow Tai Seng Jewellery and Lao Feng Xiang seeing a significant decline in performance in the first quarter and accelerating store closures; however, brands focused on differentiation and high value-added products, like Lao Pu, are growing against the trend and are better able to withstand the impact of rising gold prices.
Nuclear Power is receiving a strong boost! The State Council has approved the Zhejiang Sanmen Phase III project and other Nuclear Power projects.
Analysis suggests that this is undoubtedly a significant Bullish factor for the Nuclear Power Industry Chain.
Gold prices are experiencing ups and downs; how are public funds operating? Zijin Mining Group has been bought the most, while Lao Pu Gold has seen a shareholding reduction, with more FOF heavily invested in Gold ETFs.
① In the first quarter, renowned players like Zhai Xiangdong, Dong Li, and Hu Xinwei made substantial increases in their holdings of Zijin Mining Group; ② Some fund managers are switching between individual stocks in the Gold Sector and AH Stocks, but some fund managers are reducing their shareholding in Golden Industrial Concept stocks, believing that there is pressure on valuations; ③ The Gold ETF has become the product with the highest number of funds holding it, and diversification and multi-dimensional allocation have become the main reasons, with some fund managers maintaining an overweight position.