Summary CMOC Group Ltd - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights CMOC Group Ltd (CMOC), carries out mining, smelting, and downstream processing of molybdenum, copper, tungsten, cobalt, and other precious metals. It focuses on non-ferrous metal mining. The company is m...
Summary Marketline's China Molybdenum Co., Ltd. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by China Molybdenum Co., Ltd. - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Allianc...
JIANGXI COPPER CO (CN), a company active in the Non Ferrous Metals industry, improves its market behaviour and slightly increases its general evaluation. The independent financial analyst theScreener just upgraded the stock market behaviour as moderately risky. At a fundamental level, theScreener confirms 0 out of 4 possible stars; the general evaluation is slightly increased to Neutral but the title remains under pressure. As of the analysis date January 28, 2022, the closing price was CNY 20.1...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Summary Marketline's Brockman Mining Limited Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Brockman Mining Limited since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of t...
CHINA Sector Machinery: 1H19 results preview: Upcycle yet to peak. Update Jiangxi Copper (358 HK/HOLD/HK$9.85/Target: HK$9.17): Lacks high-quality growth; copper prices likely to have bottomed out. HONG KONG Results SJM Holdings (880 HK/HOLD/HK$8.70/Target: HK$9.00): 2Q19: Another confirmed delay to Lisboa Palace. INDONESIA Results H.M. Sampoerna (HMSP IJ/BUY/Rp2,950/Target: Rp3,700): 1H19: In line with street expectations; expect 10.9% EPS growth in 2019. Summarecon Agung (SMRA IJ/BUY/Rp1,330...
No-moat Jiangxi Copper reported first-quarter net profit of CNY 742 million, down 3% year over year. Stripping out one-off items of CNY 102 million, earnings were above our expectations and accounted for 32% of our full-year forecast. Nonetheless, we are keeping our fair value estimate of HKD 9.50 (CNY 8.20) unchanged as we expect copper prices to weaken. Our bearish long-term outlook is intact and we have made no changes to our midcycle commodity price forecasts. In our view, the H shares are f...
No-moat Jiangxi Copper reported first-quarter net profit of CNY 742 million, down 3% year over year. Stripping out one-off items of CNY 102 million, earnings were above our expectations and accounted for 32% of our full-year forecast. Nonetheless, we are keeping our fair value estimate of HKD 9.50 (CNY 8.20) unchanged as we expect copper prices to weaken. Our bearish long-term outlook is intact and we have made no changes to our midcycle commodity price forecasts. In our view, the H shares are f...
No-moat Jiangxi Copper reported first-quarter net profit of CNY 742 million, down 3% year over year. Stripping out one-off items of CNY 102 million, earnings were above our expectations and accounted for 32% of our full-year forecast. Nonetheless, we are keeping our fair value estimate of HKD 9.50 (CNY 8.20) unchanged as we expect copper prices to weaken. Our bearish long-term outlook is intact and we have made no changes to our midcycle commodity price forecasts. In our view, the H shares are f...
No-moat Jiangxi Copper reported first-quarter net profit of CNY 742 million, down 3% year over year. Stripping out one-off items of CNY 102 million, earnings were above our expectations and accounted for 32% of our full-year forecast. Nonetheless, we are keeping our fair value estimate of HKD 9.50 (CNY 8.20) unchanged as we expect copper prices to weaken. Our bearish long-term outlook is intact and we have made no changes to our midcycle commodity price forecasts. In our view, the H shares are f...
No-moat Jiangxi Copper’s, or JC’s, 2018 net profit of CNY 2.42 billion, up 46% year over year, was within preliminary guidance but trailed our expectation mainly due to impairment losses on financial assets amounting to CNY 1.37 billion. Stripping these off, JC’s earnings should be largely in line with our expectation. Nonetheless, JC’s core earnings declined year over year due to rising costs with gross margin falling to 3.2% from 4.2%, a year ago. After rolling forward our earnings mod...
No-moat Jiangxi Copper’s, or JC’s, 2018 net profit of CNY 2.42 billion, up 46% year over year, was within preliminary guidance but trailed our expectation mainly due to impairment losses on financial assets amounting to CNY 1.37 billion. Stripping these off, JC’s earnings should be largely in line with our expectation. Nonetheless, JC’s core earnings declined year over year due to rising costs with gross margin falling to 3.2% from 4.2%, a year ago. After rolling forward our earnings mod...
No-moat Jiangxi Copper’s, or JC’s, 2018 net profit of CNY 2.42 billion, up 46% year over year, was within preliminary guidance but trailed our expectation mainly due to impairment losses on financial assets amounting to CNY 1.37 billion. Stripping these off, JC’s earnings should be largely in line with our expectation. Nonetheless, JC’s core earnings declined year over year due to rising costs with gross margin falling to 3.2% from 4.2%, a year ago. After rolling forward our earnings mod...
No-moat Jiangxi Copper guided that 2018 net profit will increase by CNY 802 million year over year to about CNY 2.4 billion. This is below our expectations and we believe could be due to provision for assets impairment, hedging losses, and weaker copper prices. We are keeping our fair value estimate of HKD 9.30 per share (CNY 8.10 per share) for now pending more detailed information from the firm’s final results to be released in late March. We think the shares are overvalued, given our bearis...
No-moat Jiangxi Copper guided that 2018 net profit will increase by CNY 802 million year over year to about CNY 2.4 billion. This is below our expectations and we believe could be due to provision for assets impairment, hedging losses, and weaker copper prices. We are keeping our fair value estimate of HKD 9.30 per share (CNY 8.10 per share) for now pending more detailed information from the firm’s final results to be released in late March. We think the shares are overvalued, given our bearis...
No-moat Jiangxi Copper’s cumulative nine-month net profit of CNY 2.0 billion, up 29% year over year, was largely in line with our expectations. The robust results were mainly attributable to higher metal prices. We maintain our fair value estimate of HKD 9.30 (CNY 8.10). We think greater upside is needed versus risks before we would turn buyer given concerns on the trade war between the U.S. and China, which continue to pressure copper prices. While third-quarter operating data has not been ...
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