M Stanley: JIANGXI COPPER 2Q Net Profit May More Than Double YoY, Beating Forecasts; Rated Overweight
I'm LongbridgeAI, I can summarize articles.M Stanley issued a research report on Jiangxi Copper, upgrading it to Overweight with a target price of HKD66. The broker forecasts H1 net profit will surge 81%-104% YoY, implying Q2 profits more than double year-on-year, beating expectations. This growth is driven by supported copper prices due to tight supply and earnings from by-products. Additionally, the SolGold project acquisition is expected to boost long-term production and earnings.
M Stanley issued a research report stating that JIANGXI COPPER (00358.HK) +0.560 (+1.894%) Short selling $24.65M; Ratio 9.051% expects net profit for the first six months of this year to rise 81% to 104% YoY, while net profit excluding non-recurring items is expected to increase 75% to 97% YoY. This implies that the company's 2Q net profit will range from RMB4.7 billion to RMB5.7 billion, representing growth of more than double YoY and exceeding the broker's expectations.
M Stanley expects copper prices to remain supported due to continued tight supply of copper concentrates. Higher prices and earnings contributions from by-products should ensure solid earnings for JIANGXI COPPER (00358.HK) +0.560 (+1.894%) Short selling $24.65M; Ratio 9.051% in 2H25. Meanwhile, the acquisition of the SolGold project will bring growth in copper and gold production, thereby driving the company's long-term earnings growth. The broker assigned an Overweight rating to JIANGXI COPPER (00358.HK) +0.560 (+1.894%) Short selling $24.65M; Ratio 9.051% with a TP of HKD66. (sl/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-09 12:25.)