CMOC once rose 3.5% to reach a historical high, Morgan Stanley indicated that the net profit for the last quarter met expectations and maintained an "Overweight" rating
CMOC opened 1% higher this morning, rising as much as 3.5% to HKD 23.18, a new historical high, and is currently reported at HKD 22.94, up 2.41%. The company announced a positive profit forecast, expecting a net profit attributable to shareholders of RMB 20 billion to 20.8 billion for the fiscal year 2025, an increase of 47.8% to 53.7%. Morgan Stanley stated that the profit forecast meets expectations, anticipating a net profit of RMB 5.7 billion to 6.5 billion for the fourth quarter, maintaining an "Overweight" rating with a target price of HKD 23.2
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