JPMorgan: China Molybdenum (03993.HK) Q3 results slightly below expectations; maintains "Overweight" rating with target price of HK$25

Zhitong Finance APP has learned that JPMorgan released a research report stating that it maintains a "Overweight" rating and a target price of HK$25 for China Molybdenum (03993.HK), and maintains a positive view on copper prices. The bank believes that the company's third-quarter results were slightly below expectations, and cost inflation and cash flow are expected to become key focuses for investors, with the stock price reaction after the results announcement likely to be relatively muted.