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Persistence Resources Group Ltd
(2489)
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Rating:62Neutral
Price Target:
HK$0.62
▼(-43.58% Downside)
Action:Reiterated
Date:06/26/26
The score is anchored by solid financial profitability and a supportive valuation (low P/E and ~5.17% yield), but is materially pulled down by weak technicals: price is well below all key moving averages and momentum indicators (MACD, RSI, Stoch) point to a strong downtrend/oversold condition. Cash-flow quality (lower cash conversion and declining TTM free cash flow) is an additional risk factor within financial performance.
Positive Factors
High profitability
Persistent high TTM gross and operating margins indicate structural earnings power and superior unit economics. Such margins provide a durable buffer versus commodity or price swings, supporting sustained cash generation and reinvestment capacity over the next several quarters.
Negative Factors
Weakened cash conversion
Material deterioration in cash conversion and a sharp TTM FCF decline reduce internal funding capacity for dividends, debt paydown or reinvestment. Persistently weak cash conversion risks forcing higher external financing or curtailing strategic investments.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability
Persistent high TTM gross and operating margins indicate structural earnings power and superior unit economics. Such margins provide a durable buffer versus commodity or price swings, supporting sustained cash generation and reinvestment capacity over the next several quarters.
Read all positive factors
Persistence Resources Group Ltd (2489) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.70B
Dividend Yield2.78%
Average Volume (3M)18.64M
Price to Earnings (P/E)11.3
Beta (1Y)0.10
Revenue Growth25.36%
EPS Growth3.60%
CountryHK
Employees506
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.06
Shares Outstanding2,400,000,000
10 Day Avg. Volume20,649,300
30 Day Avg. Volume18,644,204
Financial Highlights & Ratios
PEG Ratio-12.20
Price to Book (P/B)1.47
Price to Sales (P/S)3.27
P/FCF Ratio25.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Persistence Resources Group Ltd Business Overview & Revenue Model
Company Description
Persistence Resources Group Ltd focuses on the discovery, extraction, and processing of gold deposits throughout China. The company manages two active gold mining operations: the Songjiagou Open-Pit Mine and the Songjiagou Underground Mine, both o...
Persistence Resources Group Ltd Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
55
Neutral
| Breakdown | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 612.52M | 499.50M | 383.46M | 418.41M | 247.87M |
| Gross Profit | 322.80M | 253.76M | 183.25M | 251.84M | 166.40M |
| EBITDA | 323.07M | 247.96M | 196.92M | 222.79M | 135.63M |
| Net Income | 107.78M | 104.76M | 65.03M | 83.21M | 41.62M |
Balance Sheet | |||||
| Total Assets | 2.29B | 1.25B | 1.22B | 994.80M | 948.75M |
| Cash, Cash Equivalents and Short-Term Investments | 1.13B | 639.60M | 593.50M | 282.19M | 182.40M |
| Total Debt | 244.90M | 746.00K | 30.00M | 30.00M | 30.00M |
| Total Liabilities | 692.63M | 201.50M | 241.97M | 235.71M | 300.98M |
| Stockholders Equity | 1.36B | 883.46M | 911.40M | 553.87M | 597.73M |
Cash Flow | |||||
| Free Cash Flow | 79.72M | 169.64M | 97.21M | 167.73M | 58.59M |
| Operating Cash Flow | 215.86M | 212.19M | 174.33M | 232.93M | 135.77M |
| Investing Cash Flow | -142.84M | -56.98M | -75.51M | -56.06M | -87.80M |
| Financing Cash Flow | 395.63M | -107.18M | 206.31M | -54.79M | -45.13M |
Persistence Resources Group Ltd Technical Analysis
Negative
1.09
Price Trends
0.92
Negative
1.02
Negative
1.22
Negative
Market Momentum
-0.08
Positive
32.13
Neutral
18.24
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2489, the sentiment is Negative. The current price of 1.09 is above the 20-day moving average (MA) of 0.75, above the 50-day MA of 0.92, and below the 200-day MA of 1.22, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 32.13 is Neutral, neither overbought nor oversold. The STOCH value of 18.24 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2489.
Persistence Resources Group Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$838.54M | 2.26 | 42.54% | ― | 93.64% | 336.81% | |
67 Neutral | HK$9.72B | 10.43 | 23.61% | 0.44% | 49.31% | 262.43% | |
62 Neutral | HK$1.70B | 11.31 | 10.18% | 2.78% | 25.36% | 3.60% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | HK$16.95B | 8.85 | 34.13% | 1.40% | 10.57% | 112.84% | |
54 Neutral | HK$2.62B | 16.27 | 18.35% | ― | 49.62% | 29.35% | |
40 Underperform | HK$1.03B | -45.97 | -1.02% | ― | ― | -25.51% |
* Basic Materials Sector Average
HK:2489
Persistence Resources Group Ltd
0.71
-0.84
-54.19%
HK:1712
Dragon Mining
4.42
0.75
20.44%
HK:0340
Tongguan Gold Group Ltd.
1.83
-0.24
-11.68%
HK:3330
Lingbao Gold Group Company Ltd. Class H
12.29
2.16
21.30%
HK:0621
Taung Gold International Limited
0.57
<0.01
1.79%
HK:8299
Grand T G Gold Holdings Ltd
0.28
-0.04
-14.06%
Persistence Resources Group Ltd Corporate Events
Persistence Gold Group Lifts Q1 Profit on Higher Revenue and Margins
Jun 1, 2026
Persistence Gold Group Ltd reported unaudited first-quarter 2026 revenue of RMB160.7 million, up from RMB138.5 million a year earlier, with gross profit rising to RMB105.5 million as cost of sales fell. Net profit for the period increased to RMB49...
Persistence Gold Sets 2026 AGM to Approve Accounts, Board and Share Issuance Mandate
May 26, 2026
Persistence Gold Group Ltd has called its annual general meeting for 26 June 2026 in Hong Kong to present its audited consolidated financial statements for the year ended 31 December 2025 and to consider key corporate governance matters. Sharehold...
Persistence Gold Schedules Board Meeting to Approve First-Quarter Results
May 8, 2026
Persistence Gold Group Ltd has scheduled a board meeting for 1 June 2026 to consider and approve the unaudited first-quarter results for the three months ended 31 March 2026, along with their publication. The announcement signals that the company ...
Persistence Gold Elevates Malaihollo to Executive Role to Drive Overseas Gold Expansion
Apr 8, 2026
Persistence Gold Group Ltd has redesignated Dr. Malaihollo Jeffrey Francis A from an independent non-executive director to an executive director, effective 8 April 2026, tasking him with leading business development for overseas gold mining invest...
Persistence Gold Group Overhauls Board Structure and Committee Roles
Apr 8, 2026
Persistence Gold Group Ltd has announced an updated composition of its board of directors, effective 8 April 2026, led by Chairman and Chief Executive Officer Dr. Shao Xuxin alongside three other executive directors, one non-executive director, an...
Persistence Gold lifts revenue and EPS in 2025 but withholds final dividend
Mar 31, 2026
Persistence Gold Group Ltd reported a 25.9% rise in revenue to RMB628.8 million for 2025, driven by higher sales in its gold-related operations, while overall net profit edged down 1.6% to RMB144.3 million. Earnings attributable to shareholders ro...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.