On August 12, MMG rose 3.23% in regular trading, trading at HK$9.27/share, with turnover of HK$85.65 million. The rally followed the company's release of record-breaking interim results the previous day.

MMG reported revenue of US$4.54 billion for the first half of the year, up 61% year-over-year and a historical high. EBITDA reached US$2.727 billion, up 77%, while net profit attributable to equity holders surged 164% to US$807 million. Copper production totaled 266,500 tonnes, the highest first-half output since 2018. The company also lowered C1 cash cost guidance for three of its mines, benefiting from strong by-product credits. Additionally, copper mineral resources increased 7%, supported by the newly identified Kgwebe deposit in Botswana.

Multiple investment banks maintain positive outlooks. Morgan Stanley holds an Overweight rating with a target price of HK$11.7, while BOCI reaffirmed a Buy rating with a target of HK$10.93, citing continued production and cost improvements driving earnings growth.

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