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<Research>Daiwa: CMOC (03993.HK) 2025 Recurring NP Beats; Rating Buy
Recommend 10 Positive 21 Negative 8 |
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CMOC (03993.HK) issued a positive profit alert forecasting a YoY net profit increase of 47.8-53.7% in 2025 to RMB20-20.8 billion, according to Daiwa's research report. The recurring net profit is also expected to rise by 55.5-61.6% to RMB20.4-21.2 billion, surpassing market expectations. The Company also guided for a 2026 copper production target of 760,000-820,000 tons, up 3-11% YoY, and a cobalt production target of 100,000-120,000 tons, representing a YoY incline of -15%-+2%. Therefore, the broker now rated CMOC at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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