No Data
No Data
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.
No Data