CICC International: Raises target price of Luoyang Molybdenum Industry (03993.HK) to 10.15 Hong Kong dollars, reiterates "outperform" rating.

According to the Intelligen financial APP, the Industrial Bank International released a research report stating that based on a predicted 13 times price-earnings ratio and 1.6 times price-to-book ratio in 2026, the target price of Luoyang Molybdenum Industry (03993.HK) has been raised by 35% from HK$7.5 to HK$10.15. The bank reiterated its "outperform" rating, believing that the valuation is attractive.