Morgan Stanley believes that the stock price of CGN MINING (01164) will rise within 15 days.

Morgan Stanley released a research report stating that it is expected that the stock price of CGN MINING (01164) will have a 70% to 80% chance of rising in the next 15 days, with a rating of "Buy" and a target price of HK$3.92. Morgan Stanley also stated that China Uranium Corporation (001280.SZ) was listed on the Shenzhen Stock Exchange today (3rd). According to the company's declaration, its IPO market value is 37 billion yuan, with an expected net profit of 1.6 billion to 1.65 billion yuan this year. As the first uranium mining company listed in mainland China, the bank believes that the company will attract more attention from investors in the uranium mining sector, boost market confidence, and CGN MINING, as the only uranium mining company listed in Hong Kong and participating in the Stock Connect, will also benefit.