03993 CMOC
- 8.490
- +0.150+1.80%
CMOC News
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.
Luoyang Molybdenum Industry (603993) Quarterly Report Review: Concentrated release of production capacity in core mines “sharp rise in volume and price” boosts the company's performance
Incident: The company disclosed its 2024 quarterly report. 2024Q1 achieved operating income of 46.121 billion yuan, an increase of 4.2% over the previous year; realized net profit of 2,072 billion yuan, a significant increase of 553.3% over the previous year;
Luoyang Molybdenum Industry (603993): Q1 copper and cobalt production exceeded expectations
Core view: As 23Q4 absorbed copper inventories to form a high performance base, net profit to mother fell 64% in 24Q1 to 2.1 billion yuan, in line with expectations. According to the company's financial report, 24Q1 achieved operating revenue of 46.1 billion yuan, year-on-year +
Luoyang Molybdenum Industry (603993): Copper and cobalt production rises to the next level to help high profits grow
New projects released production to help profit growth. 2Q24 or a better price environment Luoyang Molybdenum Industry deducted non-net profit of 2.09 billion yuan in 1Q24, due to stagnation in 1Q23 copper sales and centralized sales in 4Q23
Luoyang Molybdenum Industry (603993) 2024 First Quarter Results Review: TFM and KFM Mining Continues to Release Companies Gradually Become World-Class Mining Companies
Incident: The company announced financial results for the first quarter of 2024. In 24Q1, the company achieved revenue of 46.121 billion yuan, +4.15% year over year; net profit to mother was 2,072 billion yuan, +553.28% year on year; deducted not returned to mother
Luoyang Molybdenum Industry (03993): Proposed re-election and election of directors and supervisors
According to Zhitong Finance App News, Luoyang Molybdenum Industry (03993) issued an announcement. Since the 6th board of directors will expire on the day of the annual shareholders' meeting, the proposal to nominate members of the 7th board of directors was reviewed and approved at the 13th meeting of the 6th board of directors held on April 29, 2024 in accordance with the company's articles of association, the board meeting system, and the working rules of the Nomination and Governance Committee. Mr. Sun Ruiwen and Mr. Li Chaochun were nominated for re-election as candidates for the 7th board of directors; Mr. Yuan Honglin, Mr. Lin Jiuxin and Mr. Jiang Li were re-elected as non-executive director candidates for the 7th board of directors; Mr. Wang Kaiguo, Ms. Gu Hongyu and Cheng Yuxian
Analysis
Price Target
No Data
