Movement Alert｜CMOC Intraday Rise 3.46% in Regular Trading, Broker Reaffirmed Overweight Rating and Bullish Copper View

Market Focus10-27

On October 27, CMOC rose 3.46% in Regular Trading, trading at HK$12.86, with turnover of HK$167 million.

The move was accompanied by a broker note that reaffirmed an Overweight rating and a HK$25 target price, while maintaining a positive view on copper prices, providing support to the shares.

Additional context from the latest quarterly results showed third-quarter net profit of RMB7.9 billion, up 175% year on year but down 6% quarter on quarter, while first-nine-month net profit reached RMB24.0 billion, up 68% year on year and equivalent to about 73% of market full-year expectations. Market attention remains on cost inflation and cash flow, but the supportive rating stance and broader strength across metals and mining names helped underpin the rebound.

(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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