JinkoSolar, Globex Mining, ZEAL Network – Potential not yet realized

ZEAL Network – Big move after the increase

The market leader for online lotteries in Germany recorded a substantial increase of over 6.5% to EUR 38.8 at the end of the week. This enabled the ZEAL share to climb to a new annual high, representing a fresh buy signal. This could be further expanded if the price were to move above the prominent horizontal resistance area around the EUR 40 mark. The consequence would then be an attack on the historical highs from 2021 at EUR 46.50.

The scenario appears likely, given the preliminary figures released last week. ZEAL Network SE was able to further advance its operating business in the first three quarters of 2024. EBITDA jumped by 51% to EUR 35 million, compared to EUR 23.2 million in the same period last year. In particular, the high jackpots at the beginning of the year, successful customer acquisitions, and an improved gross margin contributed to this growth. The online lottery provider's revenues also saw strong growth, rising by around 41% to EUR 121 million.

Given the better-than-expected performance, ZEAL Network has also adjusted its full-year 2024 guidance. The Company now expects EBITDA in a range of EUR 42 to 46 million, up from the previous forecast of EUR 38 to 42 million. Revenue expectations were also revised upwards, from EUR 140 to 150 million to the current range of EUR 158 to 168 million.

The Hamburg-based company plans to publish the detailed figures on November 6. The analyst firm Montega reiterated its "Buy" recommendation and set a price target of EUR 45.5.

Globex Mining – Precious metals boom boosts performance

The current precious metals boom continues to play into the hands of the resource incubator Globex Mining, as the Canadians hold a total of 126 projects containing gold, silver, platinum, or palladium. In total, the portfolio managed by Jack Stoch includes 252 investments as of the end of September, including the 126 projects with base metals, rare earths, industrial minerals and specialty metals already mentioned.

The Company is debt-free and generates cash flow by licensing 118 projects to project partners who make ongoing royalty payments. The Company holds liquid funds and marketable securities worth over CAD 25 million, while its market capitalization is around CAD 60 million.

Management has invested in Globex Mining to the tune of over 13%. In addition to the increasing intrinsic value of the portfolio due to the further rise in gold and silver prices, Globex Mining could achieve a significant increase through its Silica property, Guigues, near St-Bruno-de-Guigues in Quebec. Here, recent hydrogen exploration activities by Quebec Innovative Materials Corp. and the Institut national de la recherche scientifique (INRS) have revealed significant hydrogen concentrations in the area.

The latest report highlights the discovery of hydrogen at concentrations of over 1,000 parts per million, which is well above the instrumental detection limit. Globex's property is located in the center of this emerging hydrogen exploration area, which could be a new asset in the portfolio with enormous hidden reserves.

JinkoSolar – In search of direction

The stock of solar module manufacturer JinkoSolar is currently on a rollercoaster ride. After the Chinese government announced a comprehensive economic stimulus package a few weeks ago, the share of the global market leader exploded by almost 100% to USD 37.36, only to correct the entire upward movement again. However, Jinko shares did not hit a new low but successfully tested the support level at USD 19.62 and have since been moving north again to a level of USD 23.52.

The recent rebound was due to the new Topcon module series presentation. According to the manufacturer, the Tiger Neo 3.0 modules achieve an efficiency of 24.8% and a bifaciality factor of over 85%. The series is available in two power variants: a 495-watt module designed specifically for residential applications and a higher-performing 670-watt module, ideal for large-scale installations.

The new modules are also being launched with comprehensive warranties: a 15-year product warranty and a 30-year performance warranty. Initial degradation is reported to be only 1% in the first year, while annual linear degradation is only 0.4%.

JinkoSolar emphasized that the Tiger Neo 3.0 series offers a lower open-circuit voltage and a higher short-circuit current, resulting in a lower balance of system compared to other models.

ZEAL Network, the market leader for online lotteries in Germany, is soaring after raising its annual forecast. JinkoSolar is experiencing high volatility, while Globex Mining continues to benefit from rising precious metal prices.