Citigroup: Raises Jiangxi Copper's H share target price to 54.1 Hong Kong dollars, maintains "buy" rating.

Citibank's report stated that despite the expected decline in processing fees by 2026, considering the increase in sulfuric acid prices, it is expected that Jiangxi Copper's copper smelting business will still be able to maintain profitability; if the acquisition of Solgold is successfully completed, it is expected to drive long-term profit growth from 2028. The bank has raised its target price for Jiangxi Copper's H shares from HK$39.8 to HK$54.1 and maintains a "buy" rating.