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Persistence Resources Group Ltd
(2489)
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Rating:73Outperform
Price Target:
HK$0.95
▼(-13.03% Downside)
Action:Upgraded
Date:09/06/26
The score is driven primarily by strong financial performance (robust margins and conservative gearing), tempered by weaker cash conversion and some variability in revenue/free cash flow. Technicals are mixed with the stock below longer-term trend (200DMA) and only neutral momentum, while valuation is supportive with a moderate P/E and solid dividend yield.
Positive Factors
Strong profitability and scale
The company combines meaningful revenue scale with high gross and operating margins, indicating a profitable business model with substantial earnings retained from sales. Consistently solid profitability across several years provides a durable base for reinvestment, resilience, and shareholder returns.
Negative Factors
Weak cash conversion
Cash generation is materially weaker than reported EBITDA and net income, meaning accounting earnings do not fully translate into immediately deployable cash. Persistently lower conversion could constrain reinvestment, dividends, or debt reduction and make funding capacity more variable.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability and scale
The company combines meaningful revenue scale with high gross and operating margins, indicating a profitable business model with substantial earnings retained from sales. Consistently solid profitability across several years provides a durable base for reinvestment, resilience, and shareholder returns.
Read all positive factors
Persistence Resources Group Ltd (2489) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.16B
Dividend Yield3.39%
Average Volume (3M)2.00M
Price to Earnings (P/E)13.9
Beta (1Y)0.07
Revenue Growth23.92%
EPS Growth4.20%
CountryHK
Employees933
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.05
Shares Outstanding2,400,000,000
10 Day Avg. Volume2,390,000
30 Day Avg. Volume2,003,966
Financial Highlights & Ratios
PEG Ratio-12.20
Price to Book (P/B)1.47
Price to Sales (P/S)3.27
P/FCF Ratio25.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Persistence Resources Group Ltd Business Overview & Revenue Model
Company Description
Persistence Resources Group Ltd focuses on the discovery, extraction, and processing of gold deposits throughout China. The company manages two active gold mining operations: the Songjiagou Open-Pit Mine and the Songjiagou Underground Mine, both o...
Persistence Resources Group Ltd Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
78
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 673.64M | 612.52M | 499.50M | 383.46M | 418.41M | 247.87M |
| Gross Profit | 382.14M | 322.80M | 253.76M | 183.25M | 251.84M | 166.40M |
| EBITDA | 370.84M | 323.07M | 247.96M | 196.92M | 222.79M | 135.63M |
| Net Income | 126.85M | 107.78M | 104.76M | 65.03M | 83.21M | 41.62M |
Balance Sheet | ||||||
| Total Assets | 2.36B | 2.29B | 1.25B | 1.22B | 994.80M | 948.75M |
| Cash, Cash Equivalents and Short-Term Investments | 1.19B | 1.13B | 639.60M | 593.50M | 282.19M | 182.40M |
| Total Debt | 235.02M | 244.90M | 746.00K | 30.00M | 30.00M | 30.00M |
| Total Liabilities | 675.86M | 692.63M | 201.50M | 241.97M | 235.71M | 300.98M |
| Stockholders Equity | 1.42B | 1.36B | 883.46M | 911.40M | 553.87M | 597.73M |
Cash Flow | ||||||
| Free Cash Flow | 167.37M | 79.72M | 169.64M | 97.21M | 167.73M | 58.59M |
| Operating Cash Flow | 267.67M | 215.86M | 212.19M | 174.33M | 232.93M | 135.77M |
| Investing Cash Flow | -118.24M | -142.84M | -56.98M | -75.51M | -56.06M | -87.80M |
| Financing Cash Flow | 377.76M | 395.63M | -107.18M | 206.31M | -54.79M | -45.13M |
Persistence Resources Group Ltd Technical Analysis
Positive
1.09
Price Trends
0.80
Positive
0.86
Positive
1.01
Negative
Market Momentum
0.02
Positive
56.57
Neutral
55.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2489, the sentiment is Positive. The current price of 1.09 is above the 20-day moving average (MA) of 0.87, above the 50-day MA of 0.80, and above the 200-day MA of 1.01, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 56.57 is Neutral, neither overbought nor oversold. The STOCH value of 55.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2489.
Persistence Resources Group Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | HK$1.75B | 2.49 | 56.36% | ― | 93.64% | 336.81% | |
76 Outperform | HK$17.43B | 16.35 | 22.79% | 1.02% | 64.96% | 84.76% | |
73 Outperform | HK$2.16B | 13.90 | 9.83% | 3.39% | 23.92% | 4.20% | |
70 Outperform | HK$31.72B | 14.42 | 28.91% | 1.00% | -9.85% | -28.13% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | HK$2.91B | 15.56 | 18.39% | ― | 49.62% | 30.43% | |
45 Neutral | HK$980.18M | 3.04 | 13.04% | ― | ― | ― |
* Basic Materials Sector Average
HK:2489
Persistence Resources Group Ltd
0.89
-0.62
-41.00%
HK:1712
Dragon Mining
9.26
1.96
26.78%
HK:0340
Tongguan Gold Group Ltd.
3.15
0.82
35.15%
HK:3330
Lingbao Gold Group Company Ltd. Class H
23.60
6.68
39.46%
HK:0621
Taung Gold International Limited
0.54
-0.04
-7.76%
HK:8299
Grand T G Gold Holdings Ltd
0.31
0.02
5.17%
Persistence Resources Group Ltd Corporate Events
Persistence Gold Group Declares Interim Dividend for 2026
Sep 1, 2026
Persistence Gold Group Ltd has declared an interim ordinary cash dividend of HKD 0.03125 per share for the financial year ending 31 December 2026, based on the reporting period ended 30 June 2026. The dividend will be paid in Hong Kong dollars, wi...
Persistence Gold Boosts Profit and Raises Interim Dividend on Strong First-Half Results
Aug 31, 2026
Persistence Gold Group Ltd reported solid interim results for the six months ended 30 June 2026, with revenue rising 16.1% year-on-year to RMB352.3 million and net profit increasing 17.5% to RMB100.5 million. Profit attributable to shareholders cl...
Persistence Gold Group exits key subsidiary in RMB174 million connected deal
Aug 26, 2026
Persistence Gold Group Ltd has moved to streamline its portfolio by agreeing to sell its entire 52% indirect stake in a target subsidiary via two equity transfer agreements with connected parties, including Mr. Kong and Yihui Investment. The RMB17...
Persistence Gold Schedules Board Meeting to Approve Interim Results and Consider Dividend
Aug 19, 2026
Persistence Gold Group Ltd has scheduled a board meeting for 31 August 2026 to review and approve the interim results for the six months ended 30 June 2026, and to authorize their publication. The board will also consider the payment of an interim...
Persistence Gold Reshapes Board Leadership While Keeping CEO in Place
Jul 27, 2026
Persistence Gold Group Ltd has announced a leadership reshuffle, with long-standing chairman Dr. Shao Xuxin stepping down from the chairmanship for health reasons but remaining as an executive director, chief executive officer, and member of key b...
Persistence Gold Group Details Board and Committee Structure
Jul 27, 2026
Persistence Gold Group Ltd, incorporated in the Cayman Islands and listed in Hong Kong, has disclosed the current composition of its board of directors, which includes both executive and independent non-executive members. The structure underscores...
Persistence Gold Launches HK$20 Million Share Buy-Back Plan
Jul 13, 2026
Persistence Gold Group Ltd has announced a voluntary on-market share repurchase plan, exercising its existing mandate to buy back up to 240,000,000 shares, or 10% of its issued share capital, before the next annual general meeting. The company wil...
Persistence Gold Group Makes First Overseas Move With Stake in GoldStone Resources
Jul 6, 2026
Persistence Gold Group Ltd has agreed to acquire a 20.96% equity stake in GoldStone Resources Limited, a Jersey-incorporated mining and exploration company listed on London’s AIM, for £3.52 million. The deal marks Persistence Gold’...
Persistence Gold Wins Shareholder Backing for All AGM Resolutions
Jun 26, 2026
Persistence Gold Group Ltd reported that all resolutions tabled at its annual general meeting on 26 June 2026 were approved by shareholders through a poll, with its Hong Kong branch share registrar acting as scrutineer. Executive and independent n...
Persistence Gold Group reshapes board and governance committees
Jun 26, 2026
Persistence Gold Group Ltd has updated the composition of its board of directors, effective 26 June 2026, naming Dr. Shao Xuxin as both chairman and chief executive officer alongside three other executive directors and three independent non-execut...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.