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Hong Kong stocks are moving differently | Nonferrous Metals stocks are collectively rising, positive policy signals boost expectations, industrial Nonferrous Metals Consumer is expected to improve.
Nonferrous Metals stocks rose collectively. As of the time of publication, Aluminum Corporation Of China (02600) increased by 3.39% to 4.88 HKD; CMOC Group Limited (03993) rose by 3.13% to 5.94 HKD; Zijin Mining Group (02899) grew by 2.84% to 15.92 HKD; CHINAHONGQIAO (01378) climbed by 2.64% to 12.42 HKD.
Major brokerage rating | Morgan Stanley: Downgraded cmoc group limited target price to HKD 8.3 and lowered earnings per share forecast.
Morgan Stanley published a report, downgrading cmoc group limited's earnings per share forecasts for 2024 to 2026 by 5%, 5%, and 2%, to 0.52 yuan, 0.59 yuan, and 0.62 yuan respectively. The firm reduced cmoc group limited's target price from 8.7 HKD to 8.3 HKD, maintaining a "shareholding" rating. The report indicated that the first three quarters of cmoc group limited showed production better than expected, raising the annual copper sales forecast and increasing the cobalt sales forecasts for 2024 to 2026. Additionally, the assumed effective tax rate was adjusted from 38% to about 43%.
CMOC Group Limited's (HKG:3993) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
Shanghai Stock Exchange Announcement! sse 50, sse science and technology innovation board 50 index and other indexes will undergo a significant adjustment, effective after the market closes on December 13th.
Chongqing Sokon Industry Group Stock, crrc corporation, Beijing-Shanghai High Speed Railway, CMOC Group Limited, Cambrian Innovation Incorporated added to sse 50
Shanghai Stock Exchange: Adjusting the sample stocks of sse 50, sse 180 index, sse 380 index, sse science and technology innovation board 50 index and other indices.
On November 29, the exchange announced that according to the index rules, after consideration by the Index Expert Committee, Shanghai Stock Exchange and China Securities Index Co., Ltd. decided to adjust the samples of the sse 50, sse 180 index, sse 380 index, sse science and technology innovation board 50 index, which will take effect after the market closes on December 13, 2024.
China Huafu Securities: In October, copper ore imports fell compared to the previous month, and the processing fees remained stable at a low level.
As the usa Federal Reserve deepens interest rate cuts to boost investment and consumer spending, while also opening up domestic mmf policy space, the rebound of inflation brought about by loose monetary and fiscal policies after the usa election will support an upward shift in copper prices.
CMOC Group Limited's (HKG:3993) 28% Share Price Surge Not Quite Adding Up
