03993 CMOC
- 7.800
- -0.540-6.47%
CMOC News
Changes in Hong Kong stocks | Luoyang Molybdenum Industry (03993) AH shares all fell by more than 5%. The company said that the risk of Exxon's hedging trading strategy is completely manageable
The Zhitong Finance App learned that Luoyang Molybdenum (03993) AH shares all fell by more than 5%. As of press release, they were down 5.04% to HK$7.92, with a turnover of HK$554 million. According to the news, it was recently reported that commodity trader Torque and IXM, a trading company owned by Luoyang Molybdenum, hold a large number of short positions in the COMEX copper market and are seeking physical copper deliveries. In response, the Luoyang Molybdenum Industry public account issued a clarification statement in the afternoon, stating that the hedging trading strategy of international trading companies buying in one market and selling the same amount in another market is common practice in the industry. Current US COMEX market copper
The copper market has been emptied historically! The empty side is IXM owned by Torque and Lomoly?
The report said that commodity trading giant Torque and IXM, a subsidiary of China's Luoyang Molybdenum Industry, are trying to buy physical copper to settle their large short positions on the US CME exchange.
Express News | The main players continued to increase their positions in the late session, and the banking sector sold the non-ferrous metals sector
Major Bank Ratings | UBS: Upgraded the profit forecast for copper and aluminum-related stocks this year and next two years
Glonghui, May 16 | UBS released a report raising the profit forecast for copper and aluminum-related stocks this year and next two years. Among them, Zhongluo Molybdenum increased 15% each, Zijin Mining raised 12% and 15%, Jiangtong raised 10% and 1%, China Hongqiao raised 20% and 18%, and China Aluminum raised 21% and 13%, reflecting the positive operating indicators of the companies concerned in the first quarter and the market price of non-ferrous metals. The bank raised its target price for copper-related stocks by about 20%, reflecting an increase in profit forecasts and target enterprise value ratios due to improvements in basic factors. After changing the valuation method for aluminum stocks from market account ratio and return on share capital to market profit, the bank raised
Express News | Luoyang Molybdenum Industry: Its trading company Exxon's hedging trading strategy is different from simple speculation; the risk is completely manageable
Hong Kong Stock Concept Tracking | Copper Prices Hit New Highs in Two Years Institutions Say Shortage of Supply and Demand and Inflation Trading Will Continue to Boost Copper Prices (with Concept Stocks)
The Zhitong Finance App learned that during the European trading session on Wednesday, three-month copper on the London Metal Exchange (LME) rose 2.7%, a two-year high, reaching 10,390 US dollars per ton. Meanwhile, the price of copper futures on the New York Mercantile Exchange once surged more than 4%, reaching a record high. Copper prices have advanced rapidly recently, reflecting people's optimism that the global economy, led by the US, will resume growth, as well as optimism about the Chinese economy. Additionally, people who want to benefit from continued inflationary pressure are also in demand for copper. It is worth noting that the index of basic inflation in the US appeared in April for the first time in six months
Guojin Securities: The AI wave will bring long-term growth in downstream copper consumption
The increase in computing power brought about by generative AI increases long-term copper demand from the supply side (data center) and transmission side (5G base stations).
US Blames China's CMOC for Predatory Tactics Behind Cobalt Glut
Express News | Northbound Capital's net sales of 6.67 billion yuan today and the US group had a net sale of 442 million yuan
Hong Kong stock concept tracking | Copper prices hit a two-year high, and the supply of copper concentrate ushered in the “Pilbara” moment for lithium mines in almost 2021 (with concept stocks)
Overnight, London Metals closed higher, while Copper rose more than 2%
Open Source Securities Metals 24-year Mid-Term Investment Strategy: Gold and copper allocations drive the start of a new cycle through supply constraints throughout the year
Looking at 2024H2, risk aversion and credit risk hedge against gold prices, and substantial catalysts for interest rate cuts still exist. On the demand side, the rise in copper prices in this round originated overseas. The traditional model for tracking domestic demand may face challenges. The weakening domestic demand is more reflected in the widening price spread at home and abroad.
Luoyang Molybdenum Industry (03993): “Dr. Copper”, whose stock price increased by more than 85% during the year, became the driving force behind it?
The soaring price of copper has “taken flight” to the Luoyang molybdenum industry.
Direct impact of changes | Luoyang molybdenum industry rose nearly 4%, copper and cobalt production increased sharply in the first quarter
On May 9, $Luoyang Molybdenum (03993.HK) $ rose nearly 4%. As of press release, it rose 3.67% to HK$7.90, with a turnover of HK$206 million. Market source: According to news from Futubull Niuniu, Luoyang Molybdenum's revenue for the first quarter was about 46.121 billion yuan, up 4.15% year on year; net profit attributable to shareholders of listed companies was about 2,072 billion yuan, up 553.28% year on year; copper and cobalt production increased 123% and 392% year on year, respectively, to 14.7 and 25,000 tons during the period. Guolian Securities pointed out that global copper supply-side disturbances have intensified, and copper supply and demand will increase in 2024
Luoyang Molybdenum Industry (603993): Q1 copper and cobalt production and sales increased sharply, and volume and prices can be expected to rise sharply throughout the year
Event: The company released its report for the first quarter of 2024. In 2024 Q1, the company achieved operating income of 46.121 billion yuan, an increase of 4.15%; net profit to mother was 2,072 billion yuan, an increase of 553.2 billion yuan over the previous year
Luoyang Molybdenum Industry (03993) plans to pay a final dividend of 1.5425 yuan for every 10 shares
According to the Zhitong Finance App, Luoyang Molybdenum Industry (03993) announced that it intends to distribute a final dividend of RMB 1.5425 for every 10 shares for the year ended December 31, 2023.
CITIC Securities: Maintaining Molybdenum and Molybdenum Industry's (03993) “Buy” Rating and Raising the Target Price to HK$9
CITIC Securities's net profit forecast for Molybdenum and Molybdenum (03993) from 2024 to 2026 is $11.97 billion, $11.483 billion, and $15.924 billion.
Research Nuggets｜CITIC Securities: Raising Luoyang Molybdenum Industry's Target Price to HK$9 to Maintain “Buy” Rating
Gelonghui, May 7 | CITIC Securities released a report stating that Luoyang Molybdenum's copper and cobalt production and performance in the first quarter of 2024 achieved high year-on-year growth, driven by continuous overproduction of TFM hybrid mining and KFM projects. As the company's production and sales resume the level of normalization after the expansion phase, the bank is optimistic about the company's potential to further exceed expectations and reduce costs in the short term, and the release of the company's sustainable high growth potential in the medium to long term. The combination of high elasticity, high growth, and strong dividends will reinforce the company's preferred allocation value during the copper price boom cycle. The bank maintained its net profit forecast for the company from 2024 to 2026 at 11.97 billion yuan.
Hong Kong Resources stocks strengthened at the beginning of the market. Minmetals Resources and Luoyang Molybdenum rose nearly 3%, while China Aluminum and China Gold International rose more than 2%.
Hong Kong Resources stocks strengthened at the beginning of the market. Minmetals Resources and Luoyang Molybdenum rose nearly 3%, while China Aluminum and China Gold International rose more than 2%.
China League Securities: Many factors suppressing metal prices in 24 years are expected to ease continued optimism about investment opportunities in the non-ferrous metals sector
As the Federal Reserve's interest rate hike comes to an end, the US dollar index falls significantly, and global liquidity is expected to improve, compounding expectations for China's economic recovery; continuing to be optimistic about investment opportunities in the non-ferrous metals sector, the League of Nations Securities maintained the industry's “better than the big market” rating.
Luoyang Molybdenum Industry (603993): Q1 production exceeded expectations and continued to grow
Event: On April 29, 2024, the company released its 2024 quarterly report. 2024Q1, the company achieved revenue of 46.12 billion yuan, a year-on-year increase of 4.2% and a decrease of 15.5% month-on-month; net profit to mother 20.
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