HK Stock Market Move | JIAXIN INTL RES(03858) rises by over 12% again, earning approximately HK$1.5 billion in the first half of the year, and planning to repurchase up to HK$200 million worth of shares in the second half of the year.

JIAXIN INTL RES (03858) rose by over 12% again, with a total increase of over 30% this week. As of the time of publication, it rose by 9.99% to 56.15 Hong Kong dollars, with a turnover of 95.2668 million Hong Kong dollars. In terms of news, JIAXIN INTL RES previously announced a profit, expecting a net profit attributable to equity holders of around 1.45 billion to 1.55 billion Hong Kong dollars in the first half of 2026, a significant turnaround compared to the same period last year when commercial production had just started and had less than 2 months of production time; the average selling price of tungsten concentrate has increased significantly this period. The company recently announced that it plans to use up to 2 billion Hong Kong dollars for a share buyback plan in the second half of the year. Huaxin Securities believes that the production capacity of the company's Bakuuta tungsten mine is increasing, and production is expected to continue to increase. Considering that the current tungsten prices are significantly higher than the same period last year, there are still expectations for production growth in the company's tungsten mine. Sinolink, on the other hand, stated that the downward trend of tungsten prices is slowing down and entering a stabilization phase; expectations of supply tightening in the industry still exist, and with the background of increasing strategic reserves overseas, the priority of tungsten may be higher; the supply and demand fundamentals of tungsten are expected to experience strong resonance.