On May 29, CMOC Group rose 4.02% at open, trading at 19.1 HKD/share, with trading volume of approximately 14.62 million HKD.

On the news front, the stock had previously declined over 6% cumulatively across two sessions following the ex-dividend adjustment after its annual distribution of RMB 0.286 per share (totaling over RMB 6.1 billion), creating technical recovery demand. Meanwhile, Hong Kong Exchange filings revealed that JPMorgan Chase increased its stake by approximately 12.365 million shares on May 22 at HKD 18.239 per share, raising its holding from 6.74% to 7.05%, involving approximately HKD 226 million.

Global copper supply tightness continues to intensify amid production setbacks at major mines, while AI data center demand supports elevated copper prices. The company reported Q1 net profit attributable to shareholders growing 96.65% year-over-year. Multiple institutions maintain a Buy rating with an average target price of RMB 25.66.

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