CI-MRES@EC2612A

MMG to Release FY2025 Earnings on March 3 After-Market (BJT), Forecast Revenue HKD 47.88 B, EPS HKD 0.4102

Goldman Sachs Maintains Buy Rating on MMG, With a Price Target of HKD 13.00

MMG Reviews Impairment Indicators for Kinsevere Operations

BOC International raises earnings forecast for MMG

Citibank Raises Target Price for MMG to HKD 12.5 and Maintains Buy Rating

MMG Reports 2025 Copper and Zinc Output Growth

Minmetals Resources Announces Q4 2025 Copper and Zinc Production and Impact of Gold and Silver Prices

Galaxy Securities First Covers and Rates Minmetals Resources as 'Buy'

MMG's Subsidiary Signs Molybdenum Concentrate Sales Agreement

MMG Approves and Commences Expansion Project for Botswana Copper Mine

MMG Resources Signs Concentrate Sales Agreement with Subsidiary

Hedgeye Report Indicates Continued Strong Growth for MMG in Q4, Maintains Hold Rating

MMG Adjusts Annual Cap Due to Higher-than-Expected Copper, Gold, and Silver Prices

Morgan Stanley Issues Buy Rating Report on Minmetals Resources

DBS Raises Target Price for MMG

EU extends review of MMG's acquisition of Anglo American's Brazilian nickel business to second phase

MMG Acquires Anglo American's Nickel Business

EU Conducts In-Depth Investigation into MMG's Acquisition of Brazilian Nickel Business

Mink Resources Stock Rises Amid Potential EU Investigation

BOC International Upgrades Minsource Energy Profit Forecast and Target Price

DAISHOMICROLINE

CHERISH SUN

MOBI DEV

ADD NEW ENERGY

PUTIAN COMM

ELIFE HLDGS

NANFANG COMM

MODERN LAND

DIMMI LIFE HLDG

VICO INTL HLDGS

06869

01772

02259

01208

01818

02513

00100

01880

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03986

YOFC(06869) rose 14.43%, with a trading turnover 1.3 Billion HKD, and a year-to-date rose 147%. GANFENGLITHIUM(01772) rose 8.48%, with a trading turnover 617.7 Million HKD, and a year-to-date rose 28%. KNOWLEDGE ATLAS(02513) fell 22.76%, with a trading turnover 3.2 Billion HKD, and a year-to-date rose 381.9%. MINIMAX-WP(00100) fell 13.35%, with a trading turnover 2.2 Billion HKD, and a year-to-date rose 409.4%.

Top Gainers & Losers

YOFC

GANFENGLITHIUM

ZIJIN GOLD INTL

ZHAOJIN MINING

KNOWLEDGE ATLAS

MINIMAX-WP

CTG DUTY-FREE

MONTAGE TECH

GIGADEVICE

Top 5 HK Stock Gainers/Losers (>100B) (2.23)

516650

159881

561330

512400

DBS analyst Eunyoung Lee has maintained a Buy rating on MMG (MMLTF) with a price target of HK$13.10. Lee, who specializes in the Basic Materials sector, has an impressive average return of 48.0% and a 76.92% success rate on stock recommendations. The overall analyst consensus for MMG is a Strong Buy, with an average price target of HK$11.02 according to TipRanks.

Tip Ranks

Monger Gold Ltd.

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

Guotai CSI Non-ferrous Metal ETF

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

China Southern CSI SWS Non-Ferrous Metal ETF

MMG (MMLTF) Receives a Buy from DBS

00992

01698

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03993

KNOWLEDGE ATLAS(02513) rose 20.65%, with a trading turnover 2.4 Billion HKD, and a year-to-date rose 317.4%. MINIMAX-WP(00100) rose 15.65%, with a trading turnover 1.9 Billion HKD, and a year-to-date rose 312.1%. TME-SW(01698) fell 9.23%, with a trading turnover 247.1 Million HKD, and a year-to-date fell 14.5%. ZIJIN MINING(02899) fell 7.64%, with a trading turnover 4.1 Billion HKD, and a year-to-date rose 16.6%.

LENOVO GROUP

TME-SW

ZIJIN MINING

CMOC

Top 5 HK Stock Gainers/Losers (>100B) (2.13)

01179

02015

06818

00857

01299

03606

HWORLD-S(01179) rose 4.31%, with a trading turnover 127.0 Million HKD, and a year-to-date rose 8.8%. LI AUTO-W(02015) rose 3.61%, with a trading turnover 2.1 Billion HKD, and a year-to-date rose 10.6%. AIA(01299) fell 5.54%, with a trading turnover 4.8 Billion HKD, and a year-to-date rose 4.5%. MINIMAX-WP(00100) fell 5.14%, with a trading turnover 398.3 Million HKD, and a year-to-date rose 179.4%.

- The Hang Seng Index fell 1.21% but has accumulated a 3.6% increase this year.  
- The Hang Seng Tech Index decreased by 1.11%, totaling a 3.1% decline year-to-date.  
- Key stocks include Huazhu Group, which rose 4.31%, and AIA, which dropped 5.54%, with MINIMAX-WP experiencing a significant decrease of 5.14%.

HWORLD-S

LI AUTO-W

CEB BANK

PETROCHINA

FUYAO GLASS

Top 5 HK Stock Gainers/Losers (>100B) (2.6)

09987

03288

09660

02359

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YUM CHINA(09987) rose 11.42%, with a trading turnover 1.1 Billion HKD, and a year-to-date rose 18.6%. HAITIAN FLAV(03288) rose 5.59%, with a trading turnover 394.2 Million HKD, and a year-to-date rose 3.8%. MINIMAX-WP(00100) fell 8.65%, with a trading turnover 675.2 Million HKD, and a year-to-date rose 194.5%. GANFENGLITHIUM(01772) fell 6.6%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 7.6%.

YUM CHINA

HAITIAN FLAV

HORIZONROBOT-W

WUXI APPTEC

JIANGXI COPPER

Top 5 HK Stock Gainers/Losers (>100B) (2.5)

02539

06128

00079

09696

The market overview of Hong Kong stocks in the past hour shows a clear divergence in market sentiment. Some technology and new energy stocks are under pressure, while certain sectors exhibit strong rebound momentum. The sharp decline of LEMO SERVICES has attracted widespread attention in the market. Overall, the capital flow seems to favor individual stocks with high short-term heat, leading to increased volatility and a tighter trading rhythm in the short term. Meanwhile, the strong rise of C&D NEWIN injects a bit of vitality into the market, indicating a rapid switch of funds between different sectors. 

The most volatile stocks in the past hour include LEMO SERVICES, which plummeted by 37.14%, with a gloomy sentiment during the session and a surge in sell orders, suggesting that the market has significant doubts about its future prospects, resulting in a sharp decline in stock price. At the same time, GRAPHEX GROUP also faced a heavy drop of 27.37%, with the withdrawal of short-term funds making its performance even weaker. 

Strong stocks:
1. C&D NEWIN: Up 22.63%, showing strong buying interest despite the overall market pressure, attracting attention from many short-term funds.
2. METROPOLIS CAP: Up 10.42%, recent capital inflows indicate optimistic expectations for its future development, with a noticeable increase in short-term heat.
3. DRINDA: Although it fell by 10.71%, it rebounded at one point during the session, showing some recognition of its value by certain funds, which may present a rebound opportunity in the short term.

Stocks under pressure:
1. CENTURY LEGEND: Down 24.00%, with increasing market concerns about its future performance leading to a continuous rise in sell orders

HK Stock Movers Tracker

LEMO SERVICES

GRAPHEX GROUP

CENTURY LEGEND

C&D NEWIN

RAFFLESINTERIOR

TIANQI LITHIUM

SPT ENERGY

DRINDA

METROPOLIS CAP

Hong Kong Stock Movement Update: Tech stocks plummet, LEMO SERVICES falls 37%, C&D NEWIN rises 22% against the trend

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36Kr learned that the Hang Seng Index fell 1.27% during the midday break, and the Hang Seng TECH Index dropped 1.16%; the precious metals sector led the decline, with TIANQI LITHIUM down over 12%, WANGUO GOLD GP and MMG down over 9%; semiconductor and technology stocks weakened, with HUA HONG SEMI and GIGADEVICE down over 5%, and Bilibili and Kuaishou down over 3%; consumer stocks rose against the trend, with YUM CHINA up over 9% and MNSO up over 5%; southbound funds had a net purchase of HKD 9.4 billion

36Kr

MNSO

HUA HONG SEMI

Hang Seng Index

Hang Seng TECH Index

WANGUO GOLD GP

BILIBILI-W

KUAISHOU-W

The Hang Seng Index fell 1.27% at midday, and the Hang Seng TECH Index dropped 1.16%

CMBC Capital Invests Nearly $12 Million in Minmetals Guaranteed Perpetual Bonds

marketscreener

CMBC Capital Invests Nearly $12 Million in Minmetals Guaranteed Perpetual Bonds

MMG Ltd. will hold a board meeting on March 3, 2026, to approve and publish its final results for the year ending December 31, 2025. This announcement was originally published via the Issuer Information Service of the Hong Kong Stock Exchange on February 2, 2026.

Reuters

MMG Ltd. Board to Approve Annual Results

Goldman Sachs has maintained a Buy rating on MMG (MMLTF) with a price target of HK$13.00. Additionally, TipRanks also issued a Buy rating for MMG, while another report from TipRanks reiterated a Hold rating on the same day.

Goldman Sachs Keeps Their Buy Rating on MMG (MMLTF)

MMG Ltd :SHIPPING FRAMEWORK AGREEMENT WITH MINMETALS SHIPPING FOR OCEAN TRANSPORT PROVISIONS

MMG Ltd Announces Shipping Framework Agreement With Minmetals Shipping

MMG Ltd. has submitted an updated list of directors to the Hong Kong Stock Exchange, effective January 27, 2026. The board includes Executive Directors Mr. Zhao Jing Ivo and Mr. Qian Song, Non-executive Directors Mr. Zhang Shuqiang, Mr. Cao Liang (Chairman), and Mr. Yue Wenjun, along with Independent Non-executive Directors Dr. Peter William Cassidy, Mr. Leung Cheuk Yan, Mr. Chan Ka Keung, and Ms. Chen Ying. Committee memberships were also disclosed, with Mr. Chan chairing the Audit and Risk Management Committee and Dr. Cassidy chairing the Governance, Remuneration, Nomination and Sustainability Committee. Both executive directors do not serve on any board committees.

MMG Ltd. Submits Director List to HKEX

MMG Ltd. has appointed Mr. Qian Song as Executive Director and Mr. Yue Wenjun as Non-Executive Director, effective January 27, 2026. Mr. Qian will also continue as CFO and a member of the Executive Committee, while Mr. Yue will join the Governance, Remuneration, Nomination, and Sustainability Committee. This announcement was published via the Hong Kong Stock Exchange.

MMG Ltd. Appoints Qian as Executive Director and Yue as Non-Executive Director

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MMG Limited has announced a non-cash impairment charge of approximately US$280 million to US$300 million related to its Kinsevere operation in the Democratic Republic of the Congo, due to various operational challenges. Despite this, the company expects a net profit after tax of US$500 million to US$520 million for 2025, supported by strong performances at its other operations and high metal prices. The latest analyst rating for MMG stock is a Hold with a price target of HK$11.50.

GF CSI Rare Metals Theme ETF

Van Eck Associates Corp.

Yinhua CSI Non-ferrous Metal ETF

Penghua Guozheng Non-ferrous Metal Industry ETF

ETFS Capital Ltd.

Hwabao WP CSI Non-ferrous Metal ETF

MMG Flags US$280–300 Million Kinsevere Impairment but Maintains Strong 2025 Profit Outlook

CI-MRES@EC2612A(24122.HK)

Top 5 HK Stock Gainers/Losers (>100B) (2.23)

MMG (MMLTF) Receives a Buy from DBS

Top 5 HK Stock Gainers/Losers (>100B) (2.13)

Top 5 HK Stock Gainers/Losers (>100B) (2.6)

Top 5 HK Stock Gainers/Losers (>100B) (2.5)