1787:HKEXShandong Gold Mining Co., Ltd. Analysis

The stock is trading at 5,300 JPY, just above the 20‑day SMA (5,253.5) but below both the 50‑day (5,348.4) and 200‑day (5,563.55) averages, indicating a short‑term bounce within a longer‑term downtrend. Momentum indicators are mixed: the RSI sits near the midpoint at 49.9, while the MACD histogram is positive (≈16.9) and the signal line is labeled bullish, suggesting underlying strength despite the bearish trend label. Volume is on an upward trajectory, supporting the recent price stability around the identified support level of 5,140 JPY and the nearby resistance at 5,420 JPY.
Fundamentally, the company appears markedly undervalued – its trailing P/E of 10.95 is well below the industry average of 31.47, and the discounted cash‑flow model places fair value near 10,800 JPY, more than double the current price. A strong balance sheet with zero debt, sizable cash reserves (≈4.8 bn JPY), and a healthy dividend yield of 4.9% (payout ratio ~69%) underscores cash flow robustness, while the 30‑day volatility of ~20% and a very low beta (~0.08) point to price swings that are largely company‑specific rather than market‑driven.