Movement Alert｜MMG Rises 3.11% at Open, Non-Ferrous Metals Sector Recovery and Institutional Upgrades Support Rebound

Market Focus07-31

On July 31, MMG rose 3.11% at open, trading at HK$8.3/share with turnover of HK$1.578 million. The stock rebounded as the broader non-ferrous metals sector recovered, with peers CMOC rising 3.38% and Wanguo Gold Group gaining 3.49%.

The stock had previously declined over consecutive sessions amid rising Fed rate hike expectations and a stronger US dollar, pushing it into oversold territory. On the fundamental side, MMG reported Q2 total copper production of 137,843 tonnes, up 8% quarter-over-quarter, and lowered C1 cash cost guidance for three mines due to favorable by-product credits in the first half. BOCI reaffirmed its Buy rating with a target price of HK$10.93, while Morgan Stanley maintained its Overweight rating with a target price of HK$11.7, both implying over 30% upside from current levels and providing valuation support.

(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

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1135303878?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-31 09:23","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1135303878","market":"hk","top_or_hot":-1,"title":"Movement Alert｜MMG Rises 3.11% at Open, Non-Ferrous Metals Sector Recovery and Institutional Upgrades Support Rebound","media":"Market Focus","content":"<p><p>On July 31, MMG rose 3.11% at open, trading at HK$8.3/share with turnover of HK$1.578 million. The stock rebounded as the broader non-ferrous metals sector recovered, with peers CMOC rising 3.38% and Wanguo Gold Group gaining 3.49%.</p><p>The stock had previously declined over consecutive sessions amid rising Fed rate hike expectations and a stronger US dollar, pushing it into oversold territory. On the fundamental side, MMG reported Q2 total copper production of 137,843 tonnes, up 8% quarter-over-quarter, and lowered C1 cash cost guidance for three mines due to favorable by-product credits in the first half. BOCI reaffirmed its Buy rating with a target price of HK$10.93, while Morgan Stanley maintained its Overweight rating with a target price of HK$11.7, both implying over 30% upside from current levels and providing valuation support.</p><p>(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.)</p></p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Movement Alert｜MMG Rises 3.11% at Open, Non-Ferrous Metals Sector Recovery and Institutional Upgrades Support Rebound</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMovement Alert｜MMG Rises 3.11% at Open, Non-Ferrous Metals Sector Recovery and Institutional Upgrades Support Rebound\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1054767329\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Focus </p>\n<p class=\"h-time\">2026-07-31 09:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><p>On July 31, MMG rose 3.11% at open, trading at HK$8.3/share with turnover of HK$1.578 million. The stock rebounded as the broader non-ferrous metals sector recovered, with peers CMOC rising 3.38% and Wanguo Gold Group gaining 3.49%.</p><p>The stock had previously declined over consecutive sessions amid rising Fed rate hike expectations and a stronger US dollar, pushing it into oversold territory. On the fundamental side, MMG reported Q2 total copper production of 137,843 tonnes, up 8% quarter-over-quarter, and lowered C1 cash cost guidance for three mines due to favorable by-product credits in the first half. BOCI reaffirmed its Buy rating with a target price of HK$10.93, while Morgan Stanley maintained its Overweight rating with a target price of HK$11.7, both implying over 30% upside from current levels and providing valuation support.</p><p>(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.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01208","symbol_name":"五矿资源","start_time":0,"source_url":"","article_id":"1135303878","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1135303878","pubTimestamp":1785460982,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On July 31, MMG rose 3.11% at open, trading at HK$8.3/share with turnover of HK$1.578 million. The stock rebounded as the broader non-ferrous metals sector recovered, with peers CMOC rising 3.38% and...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01208":"五矿资源"},"translate_title":"走势提醒|MMG开盘上涨3.11%，有色金属板块复苏和制度升级支撑反弹","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01208":1},"content_text":"On July 31, MMG rose 3.11% at open, trading at HK$8.3/share with turnover of HK$1.578 million. The stock rebounded as the broader non-ferrous metals sector recovered, with peers CMOC rising 3.38% and Wanguo Gold Group gaining 3.49%.The stock had previously declined over consecutive sessions amid rising Fed rate hike expectations and a stronger US dollar, pushing it into oversold territory. On the fundamental side, MMG reported Q2 total copper production of 137,843 tonnes, up 8% quarter-over-quarter, and lowered C1 cash cost guidance for three mines due to favorable by-product credits in the first half. BOCI reaffirmed its Buy rating with a target price of HK$10.93, while Morgan Stanley maintained its Overweight rating with a target price of HK$11.7, both implying over 30% upside from current levels and providing valuation support.(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.)","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1135303878","isCrawlerRequest":true}