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.
俄鋁:董事會會議日期及記錄日期之公告
Citibank: The profit margin for aluminum production is expected to remain high for a long time, and the target price of China Hongqiao (01378) will be raised to HK$13.8
The Zhitong Finance App learned that Citi published a research report, gave China Hongqiao (01378) a “buy” rating and raised the target price from HK$11.5 to HK$13.8. Citi believes that due to strong demand and still tight supply, China Aluminum's profit margin may remain high for a longer period of time. Citi updated the model and improved its profit forecast for China's Hongqiao to take into account updated price and cost assumptions. Citi's profit forecast for China's Hongqiao 24E/25E is 29%/36% higher than market expectations, and market expectations are expected to generally rise in the next few months. The further rise in aluminum is also associated with potential
[Broker Focus] Damo Weisheng Jiangxi Copper Co., Ltd. (00358) target price of 2.2% is expected to be supported by rising copper prices
Jinwu Financial News | According to the Morgan Stanley Research Report, the 2024-2026 earnings forecast for Jiangxi Copper (00358) was increased by 13%, 1%, and 1% based on the 2024 copper price forecast. The target price was increased by 2.2% from HK$18.3 to HK$18.7, maintaining the “Overweight” rating. According to the bank, the basic assumption is that demand from the renewable energy market and power grids and global inflation expectations are beneficial to copper prices, and the price of copper is expected to rise to 4.38 US dollars/pound in 2024. However, the pessimistic assumption is that domestic copper demand is worse than expected, and the copper price is 3.59 US dollars/lb.
[Hong Kong Stock Connect] Tianqi Lithium (09696) rose 5.8%, Citi expects it to turn a loss into a profit in the second half of this year
Jinwu Financial News | Tianqi Lithium (09696) had a strong stock price in early trading. It was tentatively reported at HK$33.75, up 5.8%, with a turnover of HK$6.812 million. According to the news, Citi raised Tianqi Lithium's stock rating because it is expected that the lithium product manufacturer will turn a loss into a profit starting in the second half of this year, and the ratings for both A shares and H shares have been raised to buy.
United Company RUSAL International (HKG:486) Investors Are Sitting on a Loss of 50% If They Invested Three Years Ago
United Company RUSAL, International Public Joint-Stock Company (HKG:486) shareholders should be happy to see the share price up 13% in the last month. Meanwhile over the last three years the stock