HK Stock Market Move | WANGUO GOLD GP (03939) rose over 7% in early trading, as international gold prices hit a new high. Morgan Stanley believes the upward trend in gold is not over yet.

WANGUO GOLD GP (03939) rose by over 7% in the morning trading session, with a cumulative increase of over 80% for the month. As of the time of writing, it has increased by 7.61% to HKD 13.85, with a turnover of HKD 3.76 billion. On the news front, on January 28th, spot gold prices rose above $5200 for the first time. Morgan Stanley released a research report stating that the Polish central bank is shifting towards using absolute tonnage as a target for gold reserves, rather than as a percentage of total reserves, indicating a reduced sensitivity to prices. The bank believes that the upward trend in gold prices is not over, emphasizing a target price of $5700 per ounce for the bullish scenario in the second half of 2026. Industrial previously released a research report stating that WANGUO GOLD GP has superior growth potential and profitability. The company's main growth driver comes from Shandong Jinling Mining, with the Solomon Gold Mine processing plant having started a new construction plan of 10 million tons per year. After the construction of the Zijin Empowerment Project, the processing scale will increase from the current 3.5 million tons per year to 13.5 million tons per year. It is expected to be completed and put into production in 2028, with an estimated annual gold production reaching 15 tons, aiming to become a world-class gold mine.