Movement Alert|China Nonferrous Mining Rises 3.18% in Regular Trading, H1 Profit Expected to Surge 60% YoY

Market Focus07-15 13:39

On July 15, China Nonferrous Mining rose 3.18% in regular trading, trading at HKD 13.01 per share, with turnover of HKD 123 million.

On the news front, the company released a positive profit alert on July 14, forecasting attributable profit of approximately USD 420 million for the first half of the year, representing a year-over-year increase of approximately 60%. Management attributed the earnings growth primarily to rising international copper prices and higher sulfuric acid prices. The company had already reported Q1 attributable profit of USD 201 million, up 63% YoY, providing strong fundamental support.

Institutional research notes that copper stocks are currently in a phase characterized by low price-to-earnings ratios combined with high EPS resilience, having entered an EPS-driven cycle. Analysts suggest August to September could serve as the primary window for a valuation recovery in oversold copper equities.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment