HK Stock Market Move | JIAXIN INTL RES (03858) rises by more than 7% again, with a total market value approaching 35 billion Hong Kong dollars. The prices of core products in the tungsten industry chain continue to rise.

JIAXIN INTL RES (03858) rose by more than 7%, reaching a 4.93% increase as of the time of writing, at 74.5 Hong Kong dollars, with a turnover of 317.019 million Hong Kong dollars and a total market value of nearly 35 billion Hong Kong dollars. On the news front, according to the latest monitoring data from China Tungsten Online on January 16, prices of core products in the tungsten industry continue to rise, reaching new highs. Among them, the price of 65% black tungsten concentrate has surpassed the 500,000 yuan mark, reaching 51,000 yuan per metric ton, an increase of 10.87% compared to the beginning of the year; domestic APT (ammonium paratungstate) prices are reported at 750,000 yuan per ton, up 11.94% from the beginning of the year; and tungsten powder prices have exceeded 1200 yuan, quoted at 1210 yuan per kilogram, an increase of 12.04% from the beginning of the year. In the article "Tungsten prices strong, breaking through the 500,000 yuan mark, could JIAXIN INTL RES (03858) see its market value rise to a trillion yuan this year?" it is pointed out that from 2025 to 2027, JIAXIN INTL RES' attributable net profit may have an increase of more than ten times, leading JIAXIN INTL RES to transition into a growth stock. Given the explosive nature of its performance and the scarcity of pure tungsten mine assets, if it were to receive a valuation of 30 times its 2026 earnings, the market value of JIAXIN INTL RES in 2026 could potentially rise to the trillion yuan level, representing a growth of three times its current market value.