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<Research>Citi Elevates JIANGXI COPPER (00358.HK) TP to $54.1, Keeps Buy Rating
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Despite the expected decline in processing fees (TC/RC) in 2026 and considering the rising sulfuric acid prices, JIANGXI COPPER (00358.HK)'s copper smelting business is expected to remain profitable, Citi Research issued a research report saying. If the acquisition of Solgold is successfully completed, it is anticipated to drive long-term profit growth starting from 2028. Therefore, the broker elevated its target price for JIANGXI COPPER's H-shares from $39.8 to $54.1, using discounted cash flow and fair PB ratio for valuation, with rating kept at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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