Citigroup: Conducting a 30-day positive catalyst observation on MMG (01208)
Maintain the company's "Buy" rating, with a target price of HKD 11.2.
Citigroup released a research report stating that it expects MMG (01208) stock price to benefit from the rise in copper prices and will conduct a 30-day positive catalyst observation for the company, maintaining its "Buy" rating and target price of HK$11.20. The bank estimates that if copper prices increase by 10%, MMG's net profit in 2026 will rise by 19%. Additionally, given that the stock price has already adjusted while commodities prices continue to rise, it is expected that investors' concerns about interest rate hikes have already been reflected in the stock price.
Related Articles
Guangxi Fenglin Wood Industry Group (601996.SH): Received tax matter notice requiring the payment of approximately 27 million yuan in taxes.
Zhejiang Yonghe Refrigerant (605020.SH) has had its application for the issuance of convertible bonds to unspecified recipients accepted by the Shanghai Stock Exchange.
Loongson Technology Corporation (688047.SH) has had its application for issuing A-shares to specific individuals accepted by the Shanghai Stock Exchange.
Guangxi Fenglin Wood Industry Group (601996.SH): Received tax matter notice requiring the payment of approximately 27 million yuan in taxes.
Zhejiang Yonghe Refrigerant (605020.SH) has had its application for the issuance of convertible bonds to unspecified recipients accepted by the Shanghai Stock Exchange.
Loongson Technology Corporation (688047.SH) has had its application for issuing A-shares to specific individuals accepted by the Shanghai Stock Exchange.
RECOMMEND
