Bank of America Securities: Jiangxi Copper Company Limited (00358.HK) beats earnings expectations in the first half of the year, rating it a "Buy"

According to the Zhixin Finance APP, Bank of America Securities released a research report stating that Jiangxi Copper Corporation Limited (00358.HK) released good news on profits, with a net profit of 7.55 to 8.5 billion RMB in the first half of 2026. The median is 8 billion RMB, which has exceeded the bank and market expectations for the full year profit forecast of 82%/71% in 2026. The report points out that although the spot TC/RC processing fee has fallen to below negative $120 per ton due to extremely tight supply of concentrate, the bank believes that the short-term impact on Jiangxi Copper's profits is still manageable. It maintains a "buy" rating with a target price of 43 Hong Kong dollars.