Morgan Stanley Diagnoses China's Traditional Materials in Q4: Copper, Gold, and Coking Coal Take the Lead; China Hongqiao (01378.HK) Target Price Raised to HK$29.7

Zhitong Finance APP has learned that Morgan Stanley recently released a report on China's traditional materials industry, focusing on the sector's fourth-quarter outlook, with core recommendations on copper, gold, and coking coal, and separate industry judgments on aluminum, thermal coal, and steel. The bank covers ratings and target prices for multiple stocks, among which it raised the target price for China Hongqiao (01378.HK) from HKD 28.60 to HKD 29.70, with an "Overweight" rating.