Persistence Resources Group Ltd (2489.HK)
ValueMarkers Composite Index
33% below intrinsic value ($0)
Persistence Resources Group Ltd (2489.HK) — VMCI valuation read
Persistence Resources Group Ltd (2489.HK) carries a VMCI composite of 65/100, 15 points above the Basic Materials sector median of 50. Among mid-cap names, that gap places 2489.HK in the top third on the five-pillar weighting (Value 35%, Quality 30%, Integrity 15%, Growth 12%, Risk 8%).
The 2489.HK insider tape has been silent for the past 30 days on Form 4. Where executives neither buy nor sell, the bull and bear cases lean harder on filings cadence and the next earnings line.
**Investor frame.** Value reads 2489.HK trades at 20.0x earnings, 11% above the Basic Materials median of 18.0x, which compresses or extends through the 11.0x EV/EBITDA versus a Basic Materials 12.0x. Quality: ROIC of 10.0% sits 0.0pp above the Basic Materials median (10.0%). Risk: net debt to EBITDA of -0.3x leaves covenant headroom, the line to track on Persistence Resources Group Ltd's next 10-Q.
2489.HK rose 1.0% over the trailing 7 days, with a -22.0% read on a 30-day basis.
Persistence Resources Group Ltd engages in the exploration, mining, and processing of gold properties in China. It operates two operating gold mines, including the Songjiagou Open-Pit Mine and the Songjiagou Underground Mine located in Songjiagou, the MupingRushan gold metallogenic belt. The company was formerly known as Sinogold Resources Holdings Group Co., Ltd. and changed its name to Persistence Resources Group Ltd in May 2022. The company was founded in 2005 and is headquartered in Yantai, China. Persistence Resources Group Ltd is a subsidiary of Majestic Gold Corp.
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