Hong Kong Hot Stock Analysis: Zijin Gold International (02259.HK)

1. Stock Basic Information
   
   Zijin Gold International (02259.HK) is a gold/precious metals sector stock listed on the Hong Kong Stock Exchange. Its closing price on December 24, 2025, was HK$153.700, with a market capitalization of HK$411.4 billion [1].
2. Popularity Drivers
   • Gold Price Uptrend
     : International spot gold prices broke through $4,300 per ounce, driving the overall strength of the Hong Kong stock gold sector. This stock once rose more than 6% intraday on December 15 [1][3].
   • Strong Fundamentals
     : Net profit attributable to parent company doubled in H1 2025, and industry prosperity improved [5].
   • Favorable Technical Pattern
     : It shows a ‘cup and handle breakout’ technical pattern, which is regarded as an important signal of a positive stock price trend [3].
   • Increased Platform Attention
     : Included in Tushare dc_hot (East Money App Hong Kong Stock Popularity List), reflecting high market attention [Event Content].
3. Price and Volume Performance
   • 5-day change: +11.15%, 10-day change: +2.905%, December 24, 2025 gain: 0.13%, outperforming the broader market (broader market decline: -0.66%) over the same period [1].
   • Price Range: 52-week high of HK$158.900, low of HK$111.000; intraday high of HK$155.600 and low of HK$152.900 on the 24th [1].
   • Volume: 1.11 million shares traded on the 24th, with a turnover of HK$170.54 million [1].
4. Market Sentiment
   
   Investor sentiment is positive and optimistic; some users expect the stock price to break through the annual high. From the technical analysis perspective, it is marked as a favorable signal, and market attention is high [1][3].

• Strong Correlation with Gold Prices
  : As a gold stock, its price is highly correlated with international gold prices, and gold price trends are the core factor affecting its stock price [1][3].
• Significant Valuation Premium
  : The price-to-earnings ratio (110.80) is far higher than that of Zijin Mining (02899.HK, PE ratio of 26.86) in the same sector, indicating an overvaluation risk [1].
• Technical Resistance to Break
  : The 52-week high (HK$158.900) is a key resistance level; if effectively broken, it may open up upward space [1][3].

• Overvaluation Risk
  : A high PE ratio indicates that the market has overly high expectations for this stock, leading to correction pressure [1].
• Gold Price Volatility Risk
  : If international gold prices correct sharply, the stock price may fall accordingly [1].
• Market Sentiment Reversal Risk
  : Current market sentiment is overheated; driven by short-term speculative funds, sentiment reversal may lead to stock price fluctuations [1].

• Sustained Gold Price Rise
  : If international gold prices maintain an upward trend, it will continue to support the stock price [1][3].
• Technical Breakout Opportunity
  : If it breaks through the HK$158.900 resistance level, it may attract more investors [3].

This report comprehensively analyzes the recent performance, drivers, and risk points of Zijin Gold International (02259.HK). Driven by rising international gold prices, strong fundamentals, and favorable technical patterns, the stock has performed strongly, but risks such as overvaluation and gold price volatility need to be focused on. This report only provides information synthesis and does not constitute investment advice.