603993 CMOC Group Limited
- 9.26
- +0.06+0.65%
CMOC Group Limited News
Open Source Securities Metals 24-year Mid-Term Investment Strategy: Gold and copper allocations drive the start of a new cycle through supply constraints throughout the year
Looking at 2024H2, risk aversion and credit risk hedge against gold prices, and substantial catalysts for interest rate cuts still exist. On the demand side, the rise in copper prices in this round originated overseas. The traditional model for tracking domestic demand may face challenges. The weakening domestic demand is more reflected in the widening price spread at home and abroad.
Luoyang Molybdenum Industry (03993): “Dr. Copper”, whose stock price increased by more than 85% during the year, became the driving force behind it?
The soaring price of copper has “taken flight” to the Luoyang molybdenum industry.
Direct impact of changes | Luoyang molybdenum industry rose nearly 4%, copper and cobalt production increased sharply in the first quarter
On May 9, $Luoyang Molybdenum (03993.HK) $ rose nearly 4%. As of press release, it rose 3.67% to HK$7.90, with a turnover of HK$206 million. Market source: According to news from Futubull Niuniu, Luoyang Molybdenum's revenue for the first quarter was about 46.121 billion yuan, up 4.15% year on year; net profit attributable to shareholders of listed companies was about 2,072 billion yuan, up 553.28% year on year; copper and cobalt production increased 123% and 392% year on year, respectively, to 14.7 and 25,000 tons during the period. Guolian Securities pointed out that global copper supply-side disturbances have intensified, and copper supply and demand will increase in 2024
Luoyang Molybdenum Industry plans to pay a final dividend of 1.5425 yuan for every 10 shares
Luoyang Molybdenum (03993) announced that it intends to pay a final dividend of RMB 1.5425 for every 10 shares for the year ended 31 December 2023.
Luoyang Molybdenum Industry (03993) plans to pay a final dividend of 1.5425 yuan for every 10 shares
According to the Zhitong Finance App, Luoyang Molybdenum Industry (03993) announced that it intends to distribute a final dividend of RMB 1.5425 for every 10 shares for the year ended December 31, 2023.
China League Securities: Many factors suppressing metal prices in 24 years are expected to ease continued optimism about investment opportunities in the non-ferrous metals sector
As the Federal Reserve's interest rate hike comes to an end, the US dollar index falls significantly, and global liquidity is expected to improve, compounding expectations for China's economic recovery; continuing to be optimistic about investment opportunities in the non-ferrous metals sector, the League of Nations Securities maintained the industry's “better than the big market” rating.
Earnings Update: Here's Why Analysts Just Lifted Their CMOC Group Limited (HKG:3993) Price Target To HK$8.68
Last week, you might have seen that CMOC Group Limited (HKG:3993) released its quarterly result to the market. The early response was not positive, with shares down 3.0% to HK$7.40 in the past week.
Luoyang Molybdenum Industry (03993): Proposed re-election and election of directors and supervisors
According to Zhitong Finance App News, Luoyang Molybdenum Industry (03993) issued an announcement. Since the 6th board of directors will expire on the day of the annual shareholders' meeting, the proposal to nominate members of the 7th board of directors was reviewed and approved at the 13th meeting of the 6th board of directors held on April 29, 2024 in accordance with the company's articles of association, the board meeting system, and the working rules of the Nomination and Governance Committee. Mr. Sun Ruiwen and Mr. Li Chaochun were nominated for re-election as candidates for the 7th board of directors; Mr. Yuan Honglin, Mr. Lin Jiuxin and Mr. Jiang Li were re-elected as non-executive director candidates for the 7th board of directors; Mr. Wang Kaiguo, Ms. Gu Hongyu and Cheng Yuxian
洛陽鉬業：二零二四年第一季度報告
Hong Kong stock concept tracking | Small metals or bullish institutions are optimistic that the current high copper price boom is not over yet (with concept stocks)
CITIC Securities: The current boom in copper prices is not over
Huafu Securities: Mid-term mining shortage is difficult to ease long-term copper prices still have upward momentum
On the supply side, the tight supply situation on the mining side has not abated. As of April 19, domestic spot copper refining and processing costs were 3.4 US dollars/ton; on the demand side, due to high copper prices, market consumption was sluggish, and shipments in many regions were lower than normal.
Hong Kong Stock Concept Tracking | London copper prices hit $10,000 per ton for the first time since 2022, and copper mining companies are sought after by capital (with concept stocks)
London copper prices hit $10,000 per tonne for the first time since 2022. In 2023, global copper production was 22 million tons, of which Zambia produced 760,000 tons and Congo gold produced 2.5 million tons, accounting for 3.5% and 11.4%, respectively. Zambia has important copper mines such as Sentinel, Kansanshi, and Konkola, and Congo Gold has important copper mines such as Kamoa-Kakula, TFM, KFM, Dikulushi, and Lonshi. SDIC Securities released a research report saying that Zambia will cut electricity supply and the China-Africa copper belt
Changes in Hong Kong stocks | China's non-ferrous mining industry (01258) rose more than 6%, leading the rise in copper supply disturbances in copper stocks, which is expected to drive continued price breakthroughs
The Zhitong Finance App learned that copper stocks generally rose in early trading. As of press release, China's non-ferrous mining industry (01258) rose 6.28% to HK$6.77; Minmetals Resources (01208) rose 4.27% to HK$3.66; Luoyang Molybdenum (03993) rose 4.76% to HK$7.49; Zijin Mining (02899) rose 3.17% to HK$17.6. SDIC Securities released a research report saying that Zambia is cutting electricity supply, and the China-Africa copper belt is facing a reduction in production. Copper mine production cuts continue to occur, and Cobre Panama and Sosse, which cut production earlier
Luoyang Molybdenum Industry provides a total guarantee of no more than 560 million yuan for other wholly-owned subsidiaries
Luoyang Molybdenum Industry (03993) announced that the company directly or through wholly-owned subsidiaries (including direct and indirect wholly-owned subsidiaries, the same below) will provide a total guarantee of no more than 560 million yuan for other wholly-owned subsidiaries. As of the disclosure date of this announcement, the company's total external guarantees accounted for 43.99% of the company's most recent audited net assets.
Global Cobalt Mining Industry Report 2023-2030: Reserves, Production, Assets, Demand Drivers and Forecasts Featuring Glencore, CMOC, Jinchuan Group International Resources, Vale SA, and BHP
洛陽鉬業：2023年度報告
Calculating The Fair Value Of CMOC Group Limited (HKG:3993)
Key Insights The projected fair value for CMOC Group is HK$7.93 based on 2 Stage Free Cash Flow to Equity Current share price of HK$7.05 suggests CMOC Group is potentially trading close to its fair
SDIC Securities: Increased copper supply disturbances are expected to drive continued price breakthroughs
The Zhitong Finance App learned that SDIC Securities released a research report saying that Zambia is cutting electricity supply, and the China-Africa copper belt is facing a decrease in production. Copper mine production cuts continue to occur, and expectations for the resumption of production at the Cobre Panama and Sossego copper mines, which were cut off earlier, have been postponed again. Britain and the US sanctioned Russian metals and restricted Russian aluminum, copper and nickel transactions in LME and CME. Russian Copper accounts for 62.1% of LME inventory, which limits delivery or raises market concerns about the risk of overclosing positions. The supply-side logic continues to be implemented. We continue to be optimistic that the copper price will move further upward after the breakthrough, and we will continue to recommend the copper sector. Recommended to follow
North and South Water | Nanshui is buying resource stocks and liquor stocks, and Beishui continues to buy China Mobile Tencent and Bank of China
The net sale of A-shares was $2,997 billion, and the net purchase of Hong Kong shares was HK$2.34 billion by Northbound Capital.
Changes in Hong Kong stocks | Copper stocks collectively fell, Shanghai copper prices fell today, institutions say supply risks have subsided or caused copper prices to pull back
The Zhitong Finance App learned that copper stocks fell collectively. As of press release, China's non-ferrous mining industry (01258) fell 4.93% to HK$6.17; Luoyang Molybdenum (03993) fell 4.89% to HK$6.8; Jiangxi Copper (00358) fell 3.92% to HK$15.18; Zijin Mining (02899) fell 3.91% to HK$16.2. According to the news, the main players in Shanghai Copper futures closed down more than 2% today. Jinrui Futures pointed out that the consumer side is being held back by high copper prices, and downstream pickups are slowing down, causing domestic inventories to continue to accumulate unseasonally. Macro liquidity has been further relaxed
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