---
title: "Citigroup raises the target price for JCCL to 54.1 yuan and maintains a \"Buy\" rating"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/275835844.md"
description: "Citi released a report stating that although the expected processing fees (TC/RC) will decline in 2026, considering the rise in sulfuric acid prices, it is anticipated that JCCL's copper smelting business will still maintain profitability. If the acquisition of Solgold proceeds smoothly, it is expected to drive long-term profit growth starting in 2028. The bank raised the target price for JCCL's H shares from 39.8 yuan to 54.1 yuan, valuing it based on discounted cash flow and fair price-to-book ratio, and maintained a \"Buy\" rating"
datetime: "2026-02-13T01:40:58.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275835844.md)
  - [en](https://longbridge.com/en/news/275835844.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275835844.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/275835844.md) | [English](https://longbridge.com/en/news/275835844.md)


# Citigroup raises the target price for JCCL to 54.1 yuan and maintains a "Buy" rating

Citi released a report stating that although the expected processing fees (TC/RC) will decline in 2026, considering the rise in sulfuric acid prices, it is anticipated that JCCL (00358.HK) will still maintain profitability in its copper smelting business. If the acquisition of Solgold proceeds smoothly, it is expected to drive long-term profit growth starting in 2028.

The bank raised the target price for JCCL's H shares from HKD 39.8 to HKD 54.1, valuing it based on discounted cash flow and fair price-to-book ratio, and maintained a "Buy" rating

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