Movement Alert|CMOC Rises 3.2% in Regular Trading, Non-Ferrous Sector Rebounds from Oversold Conditions

Market Focus07-31

On July 31, CMOC rose 3.2% in regular trading, trading at 16.75 HKD/share, with turnover of 81.65 million HKD.

On the news front, a Huatai Securities research report indicated that A-share non-ferrous leaders have experienced their largest oversold move in nearly 11 years, with sector valuations severely compressed, representing a typical high-odds trading window. On the fundamental side, the company expects H1 net profit attributable to shareholders of 15.5 billion to 16.5 billion yuan, representing year-over-year growth of 79% to 90%, while copper metal output rose approximately 9.73% year-over-year, providing clear earnings support.

Following consecutive pullbacks earlier this month — partly driven by rising Fed rate hike expectations pushing the US dollar index above 101 and weighing on dollar-denominated metals prices — market bullish sentiment has shown signs of recovery. Multiple brokerages including Bank of America Securities have maintained a Buy rating on the stock with a target price of 22 HKD, citing copper price resilience, production growth, and attractive valuations.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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