0922 GMT - Zijin Mining Group is unlikely to be significantly affected by the U.S. import ban, Citi research analysts write in a note. The company was added to the Uyghur Forced Labor Prevention Act Entity List by the U.S., restricting imports of any products originating from Xinjiang into the U.S. While Citi notes that Zijin may face challenges in issuing U.S. dollar bonds in the future due to the implications of being on the list, the company currently has no direct exposure to U.S. customers. As a result, its management does not anticipate a significant impact on its business operations, Citi adds. The bank maintains a buy rating on Zijin with a target price of HK$21.90. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
January 15, 2025 04:22 ET (09:22 GMT)
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