On September 9, JIAXIN INTL RES rose 5.19% in regular trading, reaching 57.45 HKD per share, with turnover of approximately 25.16 million HKD. The rally was driven by a combination of the company's robust first-half earnings turnaround and the approaching ex-dividend date on September 11.

The company previously reported H1 interim results showing revenue of 2.703 billion HKD, a year-over-year surge of 2,039.9%, while net profit attributable to shareholders reached 1.538 billion HKD, marking a significant swing from losses in the prior-year period. The strong performance was underpinned by over 4,000 tonnes of 65% white tungsten concentrate production and a substantial rise in tungsten concentrate average selling prices. The board declared an interim dividend of 1.87 HKD per share, with the ex-dividend date set for September 11, fueling buying interest ahead of the record date.

Additionally, UBS initiated coverage with a Buy rating and a target price of 88.7 HKD, projecting output and margin expansion as Phase 2 production ramps up. The company has also launched a share repurchase plan of up to 200 million HKD for the second half, further reinforcing market confidence.

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