HK Stock Market Move | SOUTH MANGANESE (01091) opened nearly 13% higher after the profit forecast, expecting that the interim profit attributable to shareholders will not be less than HKD 350 million.
Nanfang Manganese Industry (01091) opened nearly 13% higher after announcing a positive profit forecast. As of the time of writing, it has risen by 12.99%, trading at HKD 0.435, with a transaction amount of HKD 592,500.
SOUTH MANGANESE (01091) opened nearly 13% higher after a profit alert, and as of the time of writing, it has risen by 12.99%, trading at HK$0.435 with a transaction volume of HK$592,500.
Regarding the news, on August 18, SOUTH MANGANESE announced that compared to an attributable profit of approximately HK$173 million for the six months ending June 30, 2025 (the first half of 2025), the group expects to achieve an attributable profit of no less than HK$350 million for the six months ending June 30, 2026 (the first half of 2026).
The announcement stated that the expected increase in attributable profit is mainly due to the following reasons: the strong operating performance of the groups electrolytic manganese (electrolytic manganese) and alloy materials production segment in the first half of 2026, driven mainly by the increase in the average selling price of electrolytic manganese products in the first half of 2026 compared to the first half of 2025; and the growth in the operating performance of the groups manganese mining segment in the first half of 2026, mainly driven by the increase in the average selling price of Gabon ore in the first half of 2026 compared to the first half of 2025.
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