tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Zhong Jia Guo Xin Holdings Updates on Mine Operations Post-Typhoon

Story Highlights
Zhong Jia Guo Xin Holdings Updates on Mine Operations Post-Typhoon

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

The latest update is out from Asia Resources Holdings Limited ( (HK:0899) ).

Zhong Jia Guo Xin Holdings Company Limited has provided an update regarding the operational status of its Jiuyuan and Jinhao mines. The operations were impacted by Typhoon Yagi, which caused severe flooding and geological disasters in southern Yunnan, halting improvement works. The company has since completed the necessary dewatering and structural inspections as mandated by regulatory authorities, and has submitted the required reports by December 2024. The recovery and re-inspection efforts have delayed the resumption of upgrade works at the mines.

The most recent analyst rating on (HK:0899) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Asia Resources Holdings Limited stock, see the HK:0899 Stock Forecast page.

More about Asia Resources Holdings Limited

Average Trading Volume: 545,420

Technical Sentiment Signal: Sell

Current Market Cap: HK$34.43M

Find detailed analytics on 0899 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1