Movement Alert|CMOC Group Rises 3.15% in Regular Trading, Post-Dividend Technical Rebound Supported by JPMorgan Stake Increase

Market Focus05-29

On May 29, CMOC Group rose 3.15% in regular trading, trading at 19.14 HKD/share, with trading volume of approximately 60.25 million HKD.

On the news front, the company had previously experienced a cumulative decline of over 6% across two consecutive sessions following its ex-dividend adjustment, creating technical repair demand. Meanwhile, the latest disclosure from the Hong Kong Stock Exchange shows that JPMorgan increased its holdings by approximately 12.365 million shares on May 22 at 18.239 HKD per share, raising its stake from 6.74% to 7.05%, involving approximately 226 million HKD in capital.

Fundamentally, global copper supply tightness continues to intensify, supporting elevated copper prices. The company reported Q1 net profit attributable to shareholders surging 96.65% year-over-year, with multiple institutions maintaining Buy ratings and an average target price of 25.66 RMB.

(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