Movement Alert|CMOC Group Rises 3.78% in Regular Trading, Non-Ferrous Metals Sector Rallies as Molybdenum Price Hits Near Three-Year High

Market Focus
07/21

On July 21, CMOC Group rose 3.78% in regular trading, trading at HKD 16.77/share, with turnover of HKD 369 million.

On the news front, the non-ferrous metals sector collectively strengthened, with Jiaxin International Resources up 10.77%, Wanguo Gold Group up 9.6%, Lygend Resources up 5.76%, and Ximei Resources up 5.55%, reflecting significant bullish sentiment across the sector. Meanwhile, molybdenum prices have rallied to near three-year highs, with the emerging trend of substituting molybdenum for tungsten elevating the strategic value of molybdenum materials, directly benefiting the company's molybdenum-tungsten business segment.

On the fundamental side, the company previously disclosed that first-half net profit attributable to shareholders is expected to reach RMB 15.5 billion to 16.5 billion, representing year-on-year growth of 79% to 90%. Copper product volume and price increases alongside the consolidation of its Brazilian gold mining operations served as core earnings drivers. Multiple investment banks including Bank of America Securities have reiterated a Buy rating with a target price of HKD 22, citing copper price resilience, production growth, and attractive valuation.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10