紫金國際黃金（Zijin Gold）：市場尚未反映的利潤率擴張潛力
關於礦業股，市場大部分人都有一個誤區：即便企業的資產負債表強勁到在「尖叫」，市場依然傾向於將它們視作週期末端、隨時會反轉的對象。紫金國際黃金（2259.HK）現價為 161.40 港元（引自雅虎財經），手握 29.66 億港元的淨現金，自由現金流更在一個財年內由 4.0223 億飆升至 18.07 …
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Zijin Gold International Stock: Margin Expansion the Market Hasn’t Priced
Here is the thing about mining stocks that most people get wrong: the market consistently prices them as though the commodity cycle is about to turn a…