JPMorgan: Positive earnings surprises are expected in China's materials sector, with a relative preference for copper and gold stocks.

JPMorgan’s preference ranking among sub-sectors is copper > gold > aluminum > lithium > coal > steel, noting that valuations of copper and gold stocks have already adjusted downward amid aggressive rate hike expectations, yet underlying physical fundamentals remain solid.

Zhitong FinanceJul 10 09:58

J.P. Morgan Remains a Hold on Yankuang Energy Group Company Limited Class H (YZCHF)

TipRanksJul 10 08:25 · Ratings

Yankuang Energy Group Company Limited Class H (YZCHF) Gets a Buy From Morgan Stanley

TipRanksJul 9 19:25 · Ratings

Major Broker: JPMorgan's Investment Ratings and Target Prices for Materials Stocks (Table)

JPMorgan published a research report listing the investment ratings and target prices for materials stocks as follows: Stock | Investment Rating | Target Price (HKD) Zijin Mining (02899.HK) | Overweight | HK$55 → HK$50 CMOC Group (03993.HK) | Overweight | HK$28 → HK$25 Jiangxi Copper Company Limited (00358.HK) | Overweight | HK$51 → HK$44 MMG Limited (01208.HK) | Overweight | HK$13 Zijin Gold International (02259.HK) | Overweight | HK$240 → HK$170

AASTOCKSJul 9 16:10

JPMorgan: Positive earnings surprises expected in China's materials sector; copper and gold stocks preferred

JPMorgan published a research report noting that within China's basic materials sector, copper, gold, aluminum, lithium, and select coal companies are expected to issue profit warnings. The firm believes investors will gradually refocus their attention on earnings and fundamental supply-demand dynamics. JPMorgan’s subsector preference ranking is copper > gold > aluminum > lithium > coal > steel, citing that valuations for copper and gold equities have already adjusted downward amid aggressive rate hike expectations, while physical market fundamentals remain robust. In the copper segment, JPMorgan expects CMOC Group (03993.HK), Jiangxi Copper (00358.HK), MMG Limited (01208.HK), and Zijin Mining (02899.HK) to deliver strong performance.

AASTOCKSJul 9 15:50

Major Brokerage: BofA Securities' Investment Ratings and Target Prices for Energy Stocks (Table)

Bank of America Securities has published a research report listing the investment ratings and target prices for energy stocks as follows: Stock | Investment Rating | Target Price (HKD) | Change in Target Price China Shenhua Energy (01088.HK) | Buy | HK$46 | -8% China Coal Energy (01898.HK) | Neutral | HK$11 | -21% Yankuang Energy (01171.HK) | Buy | HK$14 | -26% PetroChina (00857.HK) | Buy | HK$11 | -8% Sinopec (00386.HK) | Buy |

AASTOCKSJul 9 12:12