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Hong Kong stocks anomaly | Copper stocks rebound in early morning trading, the world's largest copper mine is negotiating labor and capital this institutions indicate that copper prices are expected to rise upward.
Copper stocks rebounded in early trading. As of publication, Chinfmining (01258) rose 3.9%, to HK$5.33; mmg (01208) rose 3.57%, to HK$2.32; Jiangxi Copper (00358) rose 1.8%, to HK$13.56.
Hong Kong stock concept tracking | Two departments implement export controls on antimony and other items! Antimony prices are expected to rise under supply and demand mismatch (with concept stocks).
On August 15th, the Ministry of Commerce and the General Administration of Customs jointly issued a notice deciding to implement export controls on antimony and related items.
Ping An Securities: The pricing utility of gold as a currency is prominent and the copper-gold ratio has been distorted in the past two years.
Ping An Securities believes that the recent trend of copper-to-gold ratio is distorted. The current copper valuation is relatively low, and copper prices are expected to undergo upward correction.
Selected Announcements of Geelong (Hong Kong stock)︱ Tencent Music-SW (01698.HK) saw a 29.6% year-on-year increase in net income attributable to shareholders in the second quarter, with online music services continuing to achieve strong growth.
Tencent Music Entertainment Group-SW (01698.HK) achieved a YoY net income growth of 29.6% in Q2, and the online music service continued to achieve strong growth. Tencent Music Entertainment Group-SW (01698.HK) has released unaudited financial results for Q2 2024, with total revenue of RMB 7.16 billion, and online music subscription revenue YoY growth of 29.4% to RMB 3.74 billion. The number of online music paying users increased 17.7% YoY to 0.117 billion, with a net addition of 3.5 million users QoQ. The net income in Q2 2024 was RMB 1.79 billion.
Jiangxi Copper Reports Subsidiary Safety Incident
An accident occurred at the copper outlet of the side-blowing furnace of Shandong Humon Smelting, a subsidiary of Jiangxi Copper (00358), resulting in casualties among the staff.
Jiangxi Copper (00358) announced that the company learned that its controlling subsidiary, Shandong Hengbang Smelting Co., Ltd. (Hengbang)...
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