On July 14, Jiangxi Copper rose 3.57% in regular trading, trading at 31.34 HKD/share, with turnover of HKD 249 million.
On the news front, the company previously issued a positive profit alert for H1, forecasting net profit attributable to shareholders of RMB 7.55 billion to RMB 8.5 billion, representing year-over-year growth of 80.86% to 103.61%. Non-recurring items excluded, net profit is expected to grow 75% to 97%, significantly exceeding market expectations. JPMorgan also expressed preference for copper and gold stocks within the China materials sector, noting that physical fundamentals remain robust despite valuation compression from rate hike expectations. Huatai Securities highlighted that A-share nonferrous leaders have experienced the largest underperformance in nearly 11 years, presenting a high-odds trading window for mean reversion.
(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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