MS-MRES@EC2609B

HARBOUR DIGITAL

CONGYU INTE AGR

GF HEALTHCARE

KWONG MAN KEE

160 HEALTH

51WORLD

HUILI RES

HUAYUEXPRESSWAY

METASURFACE

CHERISH SUN

01208

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.

Tip Ranks

Monger Gold Ltd.

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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Top 10 HK Stock Losers (3.5)

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

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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

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

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."

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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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GF CSI Rare Metals Theme ETF

Hwabao WP CSI Intelligent Electric Vehicle ETF

Penghua Guozheng Non-ferrous Metal Industry ETF

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

Van Eck Associates Corp.

ETFS Capital Ltd.

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%.

COSCO SHIP HOLD

PETROCHINA

CNOOC

OOIL

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SANHUA

ZIJIN GOLD INTL

Top 5 HK Stock Gainers/Losers (>100B) (3.3)

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BEKE-W(02423) rose 5.63%, with a trading turnover 826.8 Million HKD, and a year-to-date rose 12%. CONCH CEMENT(00914) rose 5.53%, with a trading turnover 764.8 Million HKD, and a year-to-date rose 20.9%. MINIMAX-WP(00100) fell 14.38%, with a trading turnover 2.3 Billion HKD, and a year-to-date rose 356.7%. KNOWLEDGE ATLAS(02513) fell 10.75%, with a trading turnover 1.7 Billion HKD, and a year-to-date rose 382.4%.

- The Hang Seng Index rose by 0.66%, with a year-to-date increase of 4.4%, while the Hang Seng Tech Index fell by 0.19%, down 4.6% year-to-date.  
- Beike-W (02423) gained 5.63% with a trading volume of HKD 830 million, marking a 12% rise for the year, whereas Conch Cement (00914) increased by 5.53% with a trading volume of HKD 760 million, showing a 20.9% year-to-date gain.  
- MINIMAX-WP (00100) dropped 14.38% on a trading volume of HKD 2.27 billion, yet has surged 356.7% this year, while Zhiyuan (02513) fell 10.75% with a trading volume of HKD 1.68 billion, maintaining a year-to-date increase of 382.4%.

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Top 5 HK Stock Gainers/Losers (>100B) (2.25)

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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%.

YOFC

ZHAOJIN MINING

CTG DUTY-FREE

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

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.

MMG (MMLTF) Receives a Buy from DBS

MS-MRES@EC2609B(26964.HK)

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

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