On June 18, Jiangxi Copper rose 6.01% in regular trading, trading at HKD 39.96/share, with turnover of HKD 332 million.
On the news front, the recent US-Iran peace agreement eased concerns over global economic growth, pushing LME copper prices to over a one-week high and lifting the copper sector broadly. On fundamentals, the company reported Q1 net profit attributable to shareholders of RMB 2.818 billion, up 44.31% year-over-year, with operating cash flow surging 888.28% YoY, significantly beating market expectations. Revenue reached RMB 139.124 billion, up 25.39% YoY.
Additionally, the company is planning to spin off its copper foil subsidiary for a separate listing to enter the new energy sector, and has completed the acquisition of SolGold to substantially bolster its copper and gold resource reserves. Institutional research suggests that as macro headwinds ease and demand from AI infrastructure and power grid upgrades accelerates, copper prices could challenge USD 15,000/ton, highlighting the sectors improving risk-reward profile.
(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.)
Comments