Daily Ideas·Pitch·2899.HK·2025年10月20日

BGCG - Top 10 of the OB Picks for 26: Zijin Mining Group Company Limited

China's leading miner posted $3.25bn net profit in 1H25, +54.4% YoY. Copper production 0.57M tonnes (>1M annually), gold 41 tonnes (+16%). Copper 38.6% profit, gold 38.5%. Expanding in Ghana, Suriname, Colombia. $0.8bn dividend, $112bn market cap, 17x P/E. Stock tripled since Oct 2022.

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