GT GOLD

GT Gold closed at HKD 0.315, up 5.0%, after gapping up at HKD 0.305 in the morning session and surging to an intraday high of HKD 0.325 before consolidating around HKD 0.315 through the afternoon. Volume reached 30.33 million shares with turnover of HKD 9.5 million. The stock was buoyed by news of a proposed articles overhaul for shareholder meetings and e-voting, and the completion of two Shaanxi project acquisitions via issuance of 676 million shares. Q4 revenue grew 12.23% YoY to HKD 436 million, operating profit jumped 61.08% YoY to HKD 53.7 million, though net profit dipped 0.46% YoY to HKD 26.1 million with EPS of HKD 0.0031 (-7.34% YoY). The stock trades 62.94% below its 52-week high of HKD 0.85 but above its MA20 of HKD 0.293, with a YTD decline of 37%. However, the PE of 31.68x and PB of 2.83x suggest elevated valuation relative to its low net profit margin.