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Cancellation of aluminum and copper material export tax rebates; domestic and international prices show differentiation; leading enterprises accelerate overseas layout.
① Following the announcement of the cancellation of export tax rebates for aluminum and copper materials, aluminum prices showed a trend of "strong externally, weak internally"; ② In the long term, this will drive the industry to focus on high value-added product areas and the overseas expansion of enterprises.
Copper Expected to Get Election Day Boost -- Market Talk
Hong Kong stocks are moving differently | Copper stocks rebounded in early trading, limited downside space for bulk metal prices, strong macro sentiment providing solid support for copper prices.
Copper stocks rebounded in the morning, as of the press time, mmg (01208) rose by 7.69%, to HK$2.94; chinfmining (01258) rose by 5.23%, to HK$5.83; jiangxi copper (00358) rose by 4.89%, to HK$13.74; zijin mining group (02899) rose by 2.65%, to HK$17.02.
China Nonferrous Mining (HKG:1258) Could Easily Take On More Debt
[Brokerage Focus] Guosen maintains a "outperform" rating on chinfmining (01258), indicating its potential to fully share the profit elasticity brought by the rise in copper prices.
Golden Guard FinancialNews | Guosen Securities issued research reports, stating that chinfining (01258) accumulated production of cathode copper (including copper product processing services) was approximately 0.0959 million tons in the first three quarters, a decrease of about 13% year-on-year. The company is estimated to achieve a net income attributable to the parent of approximately 0.314 billion US dollars in the first three quarters, an increase of about 23% year-on-year, with net income attributable to the parent in Q1/Q2/Q3 of 24 reaching approximately 0.084/0.135/0.095 billion US dollars respectively. The report mentioned that the company produced approximately 0.0877 million tons of blister copper and anode copper from its own mines in 2023, and approximately 0.0817 million tons of cathode copper from its own mines, totaling about 16.93 million.
The selected announcement of Ganglong Hui (Hong Kong stock) | In the first three quarters, china united network communications (00762.HK) company's equity holders' share of profit was 19.03 billion yuan, a year-on-year increase of 10.3%.
【Today's Focus】China United Network Communications (00762.HK) reported a net profit attributable to equity holders of 19.03 billion yuan in the first three quarters, a year-on-year increase of 10.3%. China United Network Communications (00762.HK) announced unaudited financial data for the first three quarters of 2024: revenue reached 290.12 billion yuan, a year-on-year increase of 3.0%. EBITDA3 reached 80.4 billion yuan, a year-on-year growth of 2.0%. Net profit attributable to equity holders amounted to 19.03 billion yuan, a year-on-year increase of 10.3%, maintaining double-digit growth. China United Network Communications actively serves the national strategy.
Why Investors Shouldn't Be Surprised By China Nonferrous Mining Corporation Limited's (HKG:1258) 28% Share Price SurgeNo Data
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