In today’s briefing:
- Zijin Gold IPO (2259 HK): Valuation Insights
Zijin Gold IPO (2259 HK): Valuation Insights
- Zijin Gold (2259 HK) is a global leading gold mining company and the overseas gold segment of Zijin Mining Group (601899 CH). It has launched an HKEx IPO to raise US$3.2bn.
- I previously discussed the IPO in Zijin Gold IPO: The Investment Case and Zijin Gold IPO: PHIP Updates Support the Investment Thesis.
- In this note, I present my forecasts and valuation. My analysis suggests that the IPO price range is attractive.
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