BOCI Securities: Adjusts MMG (01208) target price to HKD 10.93, strong metal production performance in the second quarter.
After the ICBC International adjusted its model, the company's earnings per share forecast for 2026 to 2028 was revised down by 0% to 2%, and the target price was adjusted to HK$10.93, maintaining a "buy" rating.
Bank of China International released a research report stating that thanks to the strong performance of the Las Bambas and Dugald River mines, MMG (01208) saw a 7% and 10% increase in copper and zinc production in the second quarter of 2026. Although the company has maintained its annual production guidance, it has lowered the C1 cash cost guidance for its three mines due to significant by-product offset income in the first half of 2026. After making adjustments to the model, Bank of China International has lowered the company's earnings per share forecast for 2026 to 2028 by 0% to 2% and adjusted the target price to 10.93 Hong Kong dollars, reiterating a "buy" rating.
Related Articles
Haier Smart Home (06690) spent 42.288 million yuan on July 24 to repurchase 1.94 million A shares.
SINOPEC CORP (00386) spent 5.184 million yuan on July 24 to repurchase 1 million A shares.
GUSHENGTANG (02273) spent approximately HK$2.2085 million on July 24th to repurchase 77,800 shares.
Haier Smart Home (06690) spent 42.288 million yuan on July 24 to repurchase 1.94 million A shares.
SINOPEC CORP (00386) spent 5.184 million yuan on July 24 to repurchase 1 million A shares.
GUSHENGTANG (02273) spent approximately HK$2.2085 million on July 24th to repurchase 77,800 shares.
RECOMMEND
