CMOC Group Limited (03993): Net income is expected to increase by over six times, copper prices are rising, and cobalt prices can still be profitable even if they hit bottom?

As is well known, it is not easy for elephants to dance.

Zhitong Finance08:39 ET

CMOC Group Expects Up to 716% Jump in H1 Profit, Shares Up 4%

CMOC Group (HKG:3993) expects its attributable net profit in the first half of 2024 to have jumped by about 638% to 716% to 5.19 billion yuan and 5.74 billion yuan from a year earlier, a Friday

MT NewswiresJul 15 01:34 ET

UBS Group: Gives CMOC Group Limited (03993) a "buy" rating, with preliminary mid-term performance meeting expectations.

Zhixun Finance App has learned that UBS Group has released a research report stating that it has a buy rating on CMOC Group Limited (03993) and believes that investors are neutral with a target price of HKD 9.6. The company has announced its profit expectations, with an expected mid-term profit of approximately RMB 5.189 billion to 5.735 billion, a 6.38-fold to 7.16-fold increase year-on-year. The report points out that preliminary profits reflect 49% to 54% of the bank's estimated RMB 10.616 billion for the year, which is about RMB 3.117 billion to 3.663 billion for the second quarter, an increase of 50% to 77% quarterly and 7.08 to 8.49 times year-on-year, roughly in line with market expectations.

Zhitong FinanceJul 14 23:12 ET

HKEX Movement | Cmoc Group Limited (03993) rose more than 3% after favorable earnings, with significant growth in copper and cobalt production and sales. Net profit for the first half of the year is expected to increase by more than 7 times.

CMOC Group Limited (03993) rose more than 3% after the profit announcement. As of press time, it increased by 3.03%, with a price of HKD 7.82 and a transaction volume of HKD 27.2068 million.

Zhitong FinanceJul 14 21:43 ET

Retail Investors Account for 33% of CMOC Group Limited's (HKG:3993) Ownership, While Private Equity Firms Account for 26%

Key Insights The considerable ownership by retail investors in CMOC Group indicates that they collectively have a greater say in management and business strategy A total of 2 investors have a

Simply Wall StJul 14 20:35 ET

Cmoc group limited released good news for their profits, expecting the net income attributable to the parent company to be from 5.189 billion yuan to 5.735 billion yuan in the first half of the year, an increase of 638% to 716% compared to the same period

CMOC Group Limited (03993) announced that it is expected to achieve net income attributable to shareholders of the company of RMB 5.189 billion to 5.735 billion in the first half of 2024, an increase of RMB 4.486 billion to 5.032 billion compared to the same period last year, a year-on-year increase of 638% to 716%. It is expected to achieve net income after deducting non-recurring gains and losses attributable to shareholders of the company of RMB 5.375 billion to 5.941 billion in the first half of 2024, an increase of RMB 5.155 billion to 5.721 billion compared to the same period last year, a year-on-year increase of 2343% to 2600%

新浪港股Jul 14 20:11 ET