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<Research>M Stanley Estimates MMG's Shr Price to Rise in Next 15 Days
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Morgan Stanley has published a research report predicting that MMG (01208.HK) will have around a 70-80% chance of seeing its stock price rise in the next 15 days. According to the report, the China Nonferrous Metals Industry Association announced that China will strictly limit new copper smelting capacity and shut down about 2 million tons of illegally constructed copper smelting capacity. Believing that these measures will benefit copper prices and major copper companies upon implementation, Morgan Stanley gave MMG an Overweight rating and a target price of HKD8.4. AAStocks Financial News |
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