JPCMOLY@EC2605A

JPMorgan Increases its Stake in CMOC by 8,060,604 Shares

Phillip Securities Maintains Buy Rating on China Molybdenum

Goldman Sachs Raises Profit Projections for Zijin Mining and CMOC

JPMorgan Raises Profit Forecast and Target Prices for CMOC

LuoYang Molybdenum Has Exported Cobalt Products From Congo

Friedberg: Luoyang Mo Mining Completes Acquisition of EquinoxGold's Brazilian Gold Assets

洛阳钼业 provides unconditional and irrevocable guarantee for CMOC Capital's $1.2 billion bond issuance

洛阳钼业 completes Brazilian gold mine project transfer, expected to produce 6-8 tons of gold this year

LME completes acquisition of Canadian gold mine project

Kingstone Mining's 2025 Preliminary Results Meet Expectations, 2026 Copper Production Growth Expected

LuoYang Molybdenum plans to issue 1.2 billion US dollars zero-coupon convertible bonds due in 2027

Hong Kong Stock Analyst Recommends Buying Shun Tak and Luoyang Mining

LuoYang Molybdenum Plans to Provide 3.3 Billion Yuan Guarantees to Subsidiaries for Stable Sustainable Development

Zijin Mining's Stock Price Hits a New Historical High

LiuYongMoYe Plans to Purchase Up to RMB 20 Billion in Wealth Management Products

LuoYang Molybdenum Co. expects a significant increase in net profit in 2025

Gecamines Buys 100,000 Tons of Copper from LMCO for Export to the US

HSBC Raises Target Price for CMOC to HKD18.6 Maintains Hold Rating

Luoyang 钼 Industry's Tailings Resource Innovation Gets National Funding Support

LuoYang Molybdenum Implements Cobalt Export Arrangements in Congo, Plans to Initiate First Cargo Shipment Soon

NANFANG COMM

DRAGON MINING

KING'S STONE

LOTUS HORIZON

PUTIAN COMM

CMON

SINO GOLF HOLD

YUANHENG GAS

REGAL PARTNERS

LEADWAY TECH

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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%.

Top Gainers & Losers

YUM CHINA

HAITIAN FLAV

LENOVO GROUP

HORIZONROBOT-W

WUXI APPTEC

MINIMAX-WP

GANFENGLITHIUM

CMOC

JIANGXI COPPER

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

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Huatai Securities is optimistic about the value enhancement of CMOC, raising the target price to HKD 33.95 and maintaining a "Buy" rating. It is expected that copper and gold prices will rise, with copper prices likely to exceed USD 15,000 per ton between 2025 and 2028. As a leading domestic copper mining company, it has added a new gold layout, which will achieve a "copper + gold" valuation transformation in the future. It is estimated that the net profit attributable to the parent company from 2025 to 2027 will be RMB 20.4 billion, 32.4 billion, and 36.1 billion, respectively, representing growth of 6%, 26%, and 27% compared to previous values

AASTOCKS

Huatai Securities Co., Ltd. GDR Class A RegS

ChinaAMC Gold ETF

Huatai Securities is optimistic about the value enhancement of CMOC, raising the target price to 33.95 yuan

Phillip Securities has maintained a Buy rating on China Molybdenum Co (CMCLF) with a price target of HK$26.97, while the shares closed at HK$22.32. Additionally, TipRanks also issued a Buy rating on January 16. However, on January 14, TipRanks downgraded the company to a Hold.

Tip Ranks

New Buy Rating for China Molybdenum Co (CMCLF), the Basic Materials Giant

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The Shangai Composite Index decreased -39 points or 0.94 percent on Friday to close at 4119 points.The decline was led by Aluminum Corporation of China (-10.00%), China Molybdenum (-9.58%) and Zijin Mining (-7.25%).On the upside, the strongest performers were China Yangtze Power (1.65%), China Eastern Airlin (1.11%) and China Shenhua Engy (0.80%).

Trading Economics

CYPC

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

Guotai CSI Non-ferrous Metal ETF

China Southern CSI SWS Non-Ferrous Metal ETF

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

CHINA SHENHUA

CSEC/China Shenhua

ZIJIN MINING

CHALCO

The Shangai Composite Index Closes 0.94% Lower

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Goldman Sachs' latest report significantly raises the profit forecasts for Chinese mining companies. The report adjusts the overall profit expectations for covered companies from 2026 to 2027 upward by 9%-33%. Among them, Zijin Mining and CMOC have seen their profit forecasts raised by 14%-18% and 20%-24%, respectively, due to capacity expansion and progress in strategic mergers and acquisitions. Analysts point out that leading companies will benefit from both volume and price drives, and the current sector valuation remains attractive

- Goldman Sachs' global commodity research team significantly raised its price forecasts for gold and copper, predicting improved profitability for Chinese mining companies.  
- The report anticipates a 10%-16% increase in the 2026 gold price to around $4,978 per ounce and a 7% increase in copper prices to $12,200 per metric ton.  
- Headline firms are expected to benefit from both price growth and capacity expansion, with predictions of copper production increases of 9%-14% by 2026, alongside bolstered earnings forecasts.

Wallstreetcn

Zijin Mining

Copper prices soar, are Chinese mining companies making a fortune?

CMOC (3993.HK) opened high and rose overall yesterday, driven by a significant surge in the new energy metals sector. During the session, funds increased their positions multiple times, closing at a phase high, attracting market attention. The overseas prices of core products such as cobalt and copper rose, reinforcing the company's profit expectations. Main funds continued to push higher during the session, accompanied by a high turnover rate, with intensified intraday fluctuations, but the bullish pattern clearly dominated. The company has made phased progress in its mining business in Africa, which has also become a highlight of public and fund attention. The technical daily golden cross pattern is clear, and trading volume has significantly increased over the past two trading days. Sector hotspots continue to rotate, with the new energy and energy storage sectors intertwined, and institutional holding sentiment is strong. After consecutive increases, some short-term funds may choose to take profits, raising the risk of high-level pullbacks. If there is an adjustment in the commodity market or negative overseas macroeconomic news, stock price fluctuations may quickly intensify. The strategy should focus on selling high and buying low in line with the trend, waiting for the main funds' new round of layout signals

Technical Forecast

Morning Trend | CMOC (3993.HK) Golden Cross, Focus on Rotation of New Energy Metals

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The Shangai Composite Index gained 12 points or 0.29 percent on Wednesday to close at 4152 points.Gains were led by Aluminum Corporation of China (10.02%), China Molybdenum (7.52%) and China Railway (5.05%).Biggest losers were China Eastern Airlin (-5.71%), China Fortune (-4.09%) and Huayu Automotive (-2.53%).

SSE Index

CHINA RAILWAY

The Shangai Composite Index Closes 0.29% Higher

JPCMOLY@EC2605A(25464.HK)

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

Huatai Securities is optimistic about the value enhancement of CMOC, raising the target price to 33.95 yuan

New Buy Rating for China Molybdenum Co (CMCLF), the Basic Materials Giant

The Shangai Composite Index Closes 0.94% Lower

Copper prices soar, are Chinese mining companies making a fortune?