According to a report from JPMorgan, ZIJIN MINING (02899.HK) +0.160 (+1.078%) Short selling $69.39M; Ratio 13.317% and its three subsidiaries have been added to the US restricted list, sinking its A-shares and H-shares by 4% and 6% respectively yesterday (15th). The broker saw this as the market's reaction to reflect increased geopolitical risks, and expected ZIJIN MINING's short-term stock price to be under pressure.Considering that ZIJIN MINING's revenue has zero direct exposure to US risks, which makes it difficult to track the company's indirect involvement in exports, and its product pricing is largely unaffected by the global pricing nature of commodities, the broker believed that the impact of sanctions on ZIJIN MINING's fundamentals will be limited.Related NewsG Sachs Forecasts Minimal Direct Impact on ZIJIN MINING's Rev./ Earnings as Firm Has No Mining Assets in USJPMorgan kept an Overweight rating on ZIJIN MINING's A-shares and H-shares, with target prices of RMB21 and $20 respectively. It also recommended investors accumulate on dips.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-01-17 12:25.)