Hong Kong Stock Movement: TIMELESS surged 20.83%

Hong Kong Stock Movement

Stocks with High Trading Volume in the Industry

Minmetals Resources rose 5.61%, with a trading volume of HKD 1.547 billion. According to recent key news:

1. On September 30, Minmetals Resources announced plans to issue USD 500 million zero-coupon convertible bonds, with an initial conversion price of HKD 8.4 per share, a premium of 34.62% over the previous day's closing price. This move aims to refinance the group's offshore debt, leading to a rise in stock price after the announcement.

2. On September 30, Citigroup raised the target price for Minmetals Resources to HKD 7.2 and gave it a "Buy" rating, reflecting optimistic expectations regarding the company's mineral resource estimates and rising copper prices.

3. On September 30, Minmetals Resources announced that the net proceeds from the bond issuance, approximately USD 494 million, will be used to repay existing debts with interest rates higher than the zero coupon rate of the bonds, thereby reducing the company's ongoing interest expenses. The industry trend is positive, with rising copper prices.

China Molybdenum rose 4.02%. Based on recent important news:

1. On September 29, China Molybdenum raised its copper price forecast due to global copper mine operational issues, increasing the target price to CNY 16.5 with a "Buy" rating, driving up the stock price. Data source: Bank of America Securities.

2. On September 29, analysts issued a "Buy" rating for China Molybdenum, citing significant growth in Q2 performance, overproduction of copper and cobalt, and high accuracy in profit forecasts, enhancing market confidence. Data source: Pacific Securities.

3. On September 29, Chinese policies regulating copper, aluminum smelting, and lithium production capacity may create upward profit potential, boosting market expectations. Data source: Bank of America Securities. Copper prices are adjusted, demand is recovering, and policies are favorable.

Liqin Resources rose 4.34%, with a trading volume of HKD 378 million based on recent key news:

1. On September 30, the Democratic Republic of the Congo's Strategic Mineral Market Regulatory and Management Bureau released the latest cobalt export policy, including an extension of the export suspension period to October 15, 2025, and subsequent quota systems. This news led to market expectations of tight cobalt supply, driving cobalt prices up and subsequently boosting Liqin Resources' stock price by 4.34%.

2. On September 30, Tianfeng Securities pointed out that the delay in export controls in the Democratic Republic of the Congo may have some impact on market expectations and inventory depletion pace, with short-term cobalt prices expected to continue rising. In the long term, there is strong support for the forward center of cobalt prices. This analysis further strengthened market confidence in Liqin Resources.

3. On September 30, Shenwan Hongyuan noted based on data from the General Administration of Customs that China's imports of cobalt intermediates significantly decreased from June to August, and it is expected that global effective cobalt supply will decline by 34% in 2025, exacerbating raw material shortage risks and further pushing up cobalt prices, benefiting Liqin Resources. Cobalt prices are rising, supply is tight, and market expectations are optimistic