UBS: China Molybdenum (03993.HK) quarterly results slightly weak, dragged by sulfur cost pressure and slower cobalt sales

Zhitong Finance APP has learned that UBS released a research report stating that China Molybdenum (03993.HK) third-quarter results were relatively weak, mainly due to rising unit copper costs and slower-than-expected cobalt sales progress. The bank believes the recent share price pullback is an overreaction by investors, maintains a "Buy" rating, with a target price of HK$32.