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CMOC Once Mounts 3.5% to Hit Historical High as M Stanley Says 4Q NP in Line w/ Rating Overweight
Recommend 2 Positive 9 Negative 1 |
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CMOC (03993.HK) opened 1% higher this morning (16th), and once mounted 3.5% to reach an all-time high of $23.18 in the early session. It last printed at $22.94, up 2.41%. Trading volume was 9.3771 million shares, involving $215 million. The Company issued a positive profit alert after the market closed yesterday estimating that the net profit attributable to shareholders for the year of 2025 will be RMB20 billion to RMB20.8 billion, representing a YoY increase of 47.8-53.7%. This is due to the increase in both the sales volume and prices of the Company's major products, which, coupled with the effective control of operating costs. Morgan Stanley said that the positive profit alert from CMOC was in line with its expectations, implying a 4Q25 net profit ranging from RMB5.7-6.5 billion, which corresponds to a QoQ growth of 2-16%, in line with expectations. Therefore, Morgan Stanley rated CMOC's H-shares at Overweight, with a target price of $23.2. AASTOCKS Financial News Website: www.aastocks.com |
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