Citigroup: Initiating a 30-day positive catalyst observation on China Molybdenum Co., Ltd. (01208.HK)

According to the Zhikong Finance APP, Citi has released a research report stating that it expects the stock price of China Molybdenum Co., Ltd. (01208.HK) to benefit from rising copper prices. The company is undergoing a 30-day positive catalyst observation and maintains a "Buy" rating with a target price of HKD 11.2. The bank estimates that if copper prices rise by 10%, China Molybdenum's net profit will increase by 19% by 2026. Furthermore, given that the stock price has already adjusted while commodity prices continue to rise, it is anticipated that investor concerns regarding interest rate hikes have already been reflected in the stock price.