HK Stock Market Move | Metallurgical Corporation of China (01618) dropped nearly 3%, with the newly signed contract amount in the first 10 months decreasing by 11.8% compared to the same period last year.

Metallurgical Corporation of China (01618) fell nearly 3%, dropping to 2.99% at the time of writing, with a price of 2.27 Hong Kong dollars and a trading volume of 376.792 million Hong Kong dollars. On the news front, on November 14th, Metallurgical Corporation of China announced that the company's new contract amount from January to October 2025 was RMB 845.07 billion, a decrease of 11.8% compared to the same period last year, with overseas new contract amount at RMB 71.16 billion, an increase of 7.3% compared to the same period last year. In addition, a recent research report from EB SECURITIES pointed out that due to the downturn in the steel, construction, and real estate industries, the company's operations continued to be under pressure in the first three quarters of 2025. The bank lowered the company's net profit forecast for 2025-2026 to 4.79/4.99 billion yuan (a decrease of 30% and 26% respectively) and added a new forecast for 2027 net profit of 5.23 billion yuan. The bank remains optimistic about the company's overseas and resource business development, maintaining a "buy" rating on both the company's A shares and H shares.