BI-MRES@EC2609A

PUXING ENERGY

STARCOIN GROUP

KNOWLEDGE ATLAS

EASY SMART GP

WORLD SUPER

XL2CSOPSMSN-U

PPS INT'L

LAP KEI ENGRG

CHINA FORTUNE

XL2CSOPSMSN

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MMG has increased the 2025 cap on Rosebery concentrate sales to Minmetals North-Europe from US$125 million to US$150 million due to rising copper, gold, and silver prices. The company confirmed that all shipments will remain within planned volumes, and the new cap is deemed commercially fair by independent directors. This adjustment highlights MMG's revenue exposure to favorable commodity price movements. The latest analyst rating for MMG stock is a Buy with a price target of HK$9.00.

Tip Ranks

Hwabao WP CSI Non-ferrous Metal ETF

ETFS Capital Ltd.

Global X Silver Miner

GF CSI Rare Metals Theme ETF

Monger Gold Ltd.

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

VanEck Gold Miners ETF

iShares MSCI Global Gold Miners

Van Eck Associates Corp.

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

VanEck Junior Gold Miners ETF

Penghua Guozheng Non-ferrous Metal Industry ETF

China Southern CSI SWS Non-Ferrous Metal ETF

Yinhua CSI Non-ferrous Metal ETF

Guotai CSI Non-ferrous Metal ETF

MMG Lifts 2025 Cap on Rosebery Concentrate Sales as Metal Prices Surge

Bank of China has reaffirmed a Buy rating on MMG (MMLTF) with a price target of HK$10.57, while the shares closed at HK$9.57. The analyst consensus is a Strong Buy with an average target of HK$11.80, indicating a 23.34% upside. Additionally, DBS has also maintained a Buy rating with a price target of HK$13.10.

Bank of China Reaffirms Their Buy Rating on MMG (MMLTF)

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WESTCHINACEMENT(02233) fell 26.6%, with a trading turnover 921.1 Million HKD, and a year-to-date fell 33.2%. SHANDONG MOLONG(00568) fell 15.29%, with a trading turnover 5.6 Billion HKD, and a year-to-date rose 174.4%. GUANZE MEDICAL(02427) fell 13.72%, with a trading turnover 16.1 Million HKD, and a year-to-date rose 517%.

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DONGFANG ELEC(01072) rose 17.62%, with a trading turnover 2.2 Billion HKD, and a year-to-date rose 78.9%. MINIMAX-WP(00100) rose 8.84%, with a trading turnover 1.5 Billion HKD, and a year-to-date rose 384.8%. JD HEALTH(06618) fell 6.22%, with a trading turnover 763.6 Million HKD, and a year-to-date fell 14.4%. MMG(01208) fell 5.96%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 2.6%.

- The Hang Seng Index increased by 0.28%, with an annual decline of 1.2%, while the Hang Seng Tech Index fell by 0.69%, down 13% year-to-date.  
- Oriental Electric (01072) rose by 17.62% with a transaction volume of HK$ 2.21 billion, showing a significant annual gain of 78.9%.  
- MINIMAX-WP (00100) saw a rise of 8.84%, with a turnover of HK$ 1.51 billion and an impressive year-to-date increase of 384.8%.

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Bank of China International released a report, lowering the target price for MMG to 10.57 yuan and reiterating a "Buy" rating. The report pointed out that MMG's net profit last year surged to 509 million USD due to rising metal prices and increased sales, but core earnings were below expectations. Looking ahead, it is expected that profits will grow 2.5 times by 2026, with adjusted profit forecasts for the 2026/2027 fiscal year lowered by 5% and 12%, respectively

AASTOCKS

In "The Big Banks," China International Capital Corporation lowered the target price for MMG to 10.57 yuan and reiterated a "Buy" rating

Morgan Stanley released a report stating that MMG's net profit last year increased by 215% year-on-year to USD 509 million, in line with expectations. It is expected that the company will continue to achieve steady profits this year, with stable operations at the Las Bambas mine, improved conditions at the Kinsevere mine in the Democratic Republic of the Congo, and more stable future power supply, along with reduced depreciation and amortization. The target price is maintained at 10 yuan, with a rating of "Overweight."

Morgan Stanley expects MMG to have a stable profit performance this year, rating it as "Overweight."

Pacific Shipping's net profit fell nearly 56% last year, with revenue of USD 2.08 billion, down 19%. It declared a final dividend of HKD 0.06 per share and announced a share buyback with a limit of USD 40 million. BYD will release its second-generation blade battery and flash charging technology tomorrow. MMG achieved record revenue of USD 6.218 billion last year, with a net profit of USD 509 million, an annual increase of 214.6%

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BYD COMPANY

[Daily Announcement] It is reported that BYD (1211) will release new technology tomorrow, and MMG (1208) achieved record revenue of 6.2 billion USD last year

MMG Limited reported earnings results for the full year ended December 31, 2025. For the full year, the company reported sales was USD 6,218 million compared to USD 4,479.2 million a year ago. Net income was USD 509.4 million compared to USD 161.9 million a year ago.Basic earnings per share from continuing operations was USD 0.042 compared to USD 0.0153 a year ago. Diluted earnings per share from continuing operations was USD 0.0419 compared to USD 0.0152 a year ago.

marketscreener

MMG Limited Reports Earnings Results for the Full Year Ended December 31, 2025

MMG reported record earnings for 2025, with revenue rising 39% to US$6.22 billion and net profit nearly tripling to US$955.2 million, driven by strong production growth in copper, zinc, gold, and silver. The company improved its balance sheet by reducing net debt to US$3.35 billion and achieving a low gearing ratio of 33%. Operationally, all major assets showed higher output and EBITDA. Analysts rate MMG stock as a Buy with a price target of HK$13.10. MMG focuses on base and precious metals, with key operations in Peru, Congo, Botswana, and Australia.

MMG Delivers Record 2025 Earnings and Strengthens Balance Sheet

MMG announced its full-year results for the year ending December last year, with revenue of USD 6.218 billion, a record high, up 38.8% year-on-year; net profit of USD 509 million, up 214.6% year-on-year; earnings per share of 4.2 cents, no dividend declared. The company achieved its strongest financial performance since its establishment in 2009, with both EBITDA and EBIT reaching historical highs of USD 3.4121 billion and USD 1.9991 billion, respectively. Net cash flow from operating activities was USD 2.6895 billion, an increase of 67%; free cash flow was USD 1.6081 billion, an increase of 135%

"Performance" MMG's annual net profit soared over 2.1 times to USD 509 million, with revenue and operating cash flow reaching new highs

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MINIMAX-WP(00100) rose 9.1%, with a trading turnover 2.8 Billion HKD, and a year-to-date rose 397.6%. COSCO SHIP HOLD(01919) rose 5.16%, with a trading turnover 2.1 Billion HKD, and a year-to-date rose 18.5%. DONGFANG ELEC(01072) fell 13.83%, with a trading turnover 1.5 Billion HKD, and a year-to-date rose 36.6%. GANFENGLITHIUM(01772) fell 10.85%, with a trading turnover 1.6 Billion HKD, and a year-to-date rose 13.9%.

BI-MRES@EC2609A(27144.HK)

BI-MRES@EC2609A Stock Performance Chart

MMG Lifts 2025 Cap on Rosebery Concentrate Sales as Metal Prices Surge

Bank of China Reaffirms Their Buy Rating on MMG (MMLTF)

Top 10 HK Stock Losers (3.5)

Top 5 HK Stock Gainers/Losers (>100B) (3.5)

In "The Big Banks," China International Capital Corporation lowered the target price for MMG to 10.57 yuan and reiterated a "Buy" rating