03993 CMOC
- 5.610
- -0.260-4.43%
CMOC News
Quick look at the Hong Kong market | The Hong Kong stock market continues to decline in the afternoon, with all three major indices falling over 2%; The drops in the tech, Autos, and Mainland Real Estate sectors have widened, with SUNAC down over 8%, Xpen
Network Technology stocks fell, MEITUAN-W dropped 3.73%, NTES-S fell 2.90%; most Alcoholic Beverages stocks declined, GRACEWINE dropped 9.36%, TIBET WATER rose 7.69%; most semiconductor stocks declined, SHEEN TAI rose 5.82%, HG SEMI fell 5.00%;
Hong Kong Stock Market Midday Review | All three major Indices fell, the Technology Index decreased by about 2%; the technology sector, domestic real estate, and China-Affiliated Brokerage stocks declined, SUNAC fell over 6%, CITIC SEC dropped over 4%, an
Network Technology stocks performed poorly, SenseTime-W fell by 3.21%, MEITUAN-W dropped by 2.84%; Golden Industrial Concept stocks generally declined, RA SILK ROAD increased by 7.46%, LINGBAO GOLD fell by 4.75%; Semiconductors stocks weakened, SHEEN TAI rose by 5.82%, Semiconductor Manufacturing International Corporation decreased by 3.87%;
Hong Kong stocks' movements | Copper companies saw a widespread decline in early trading as copper concentrate long-term processing fees hit a historical low, Institutions indicate that the driving effect of policy expectations is fading.
Copper stocks all fell in the early session. As of the time of writing, MMG (01208) fell by 4.21%, trading at 2.73 HKD; CMOC Group Limited (03993) fell by 4.09%, trading at 5.63 HKD; Zijin Mining Group (02899) fell by 3.46%, trading at 15.06 HKD; JIANGXI COPPER (00358) fell by 1.98%, trading at 12.88 HKD.
Express News | Ping An Securities: The center of gold prices is expected to continue to rise in 2025.
Mainland's power Battery sales in November increased by 30% year-on-year and rose by 10% month-on-month.
The China Automobile Power Battery Industry Innovation Alliance released the monthly information for power batteries in November 2024, showing that in November, the sales of mainland power and Other batteries reached 118.3 GWh, a month-on-month increase of 7.2% and a year-on-year increase of 40.1%. Among them, the sales of power batteries were 87.8 GWh, accounting for 74.2% of total sales, with a month-on-month increase of 10.9% and a year-on-year increase of 29.7%. In the first eleven months of this year, the cumulative sales of mainland power and Other batteries reached 914.3 GWh, a year-on-year increase of 42.8%. Among them, the cumulative sales of power batteries were 692.3 GWh, accounting for 75.7% of total sales.
Hong Kong Stock Market Afternoon Review | The three major Indexes showed mixed results, with Gold and Medical Devices stocks rising, Siasun Robot&Automation surged over 24%, and ZHAOJIN MINING increased by over 5%.
Network Technology stocks declined, with Bilibili-W falling by 2.93% and SenseTime-W dropping by 1.25%; Golden Industrial Concept stocks strengthened, as LINGBAO GOLD rose by 6.18% and ZHAOJIN MINING increased by 5.47%; Insurance stocks decreased, with China Pacific Insurance down by 2.08% and New China Life Insurance falling by 1.34%;
Hong Kong stocks are moving differently | Nonferrous Metals stocks are collectively rising, positive policy signals boost expectations, industrial Nonferrous Metals Consumer is expected to improve.
Nonferrous Metals stocks rose collectively. As of the time of publication, Aluminum Corporation Of China (02600) increased by 3.39% to 4.88 HKD; CMOC Group Limited (03993) rose by 3.13% to 5.94 HKD; Zijin Mining Group (02899) grew by 2.84% to 15.92 HKD; CHINAHONGQIAO (01378) climbed by 2.64% to 12.42 HKD.
CMOC Group Limited (03993) elected Luo Yunxiang as the employee representative supervisor.
CMOC Group Limited (03993) announced that the company's seventh supervisory board has recently received Mr. Li Hongwei's written resignation report. Li...
Express News | CMOC Group Limited: Vice President and Chief Financial Officer Li Guojun has resigned for personal reasons.
"Big Bank" Morgan Stanley has lowered the target price of cmoc group limited (03993.HK) to 8.3 yuan and adjusted earnings expectations downward.
Morgan Stanley released a report, lowering the earnings per share forecast for CMOC Group Limited (03993.HK) for 2024 to 2026 by 5%, 5%, and 2%, to 0.52 RMB, 0.59 RMB, and 0.62 RMB respectively. The target price for CMOC Group Limited was reduced from 8.7 HKD to 8.3 HKD, with a shareholding rating. The report indicates that the data for the first three quarters shows production exceeding expectations, raising the annual copper sales forecast, and also increasing the cobalt sales forecast for 2024 to 2026. Additionally, the effective tax rate assumption was adjusted upwards from 38% to about 43%.
In November, china csi commodity equity index fell monthly to 112.4.
The China Logistics and Purchasing Federation announced that the csi commodity equity index for November was 112.4, a decline of 0.8% from the previous month, mainly affected by the drop in prices of black metals and nonferrous metals, leading to a slight adjustment in the csi commodity equity index. Among 50 types of commodities closely monitored by the China Logistics and Purchasing Federation, 20 commodities saw a month-on-month price increase in November. The price index for minerals continued to rise, indicating continuous expansion of infrastructure-related activities. Additionally, the shenzhen agricultural products group price index also achieved a rebound from its low point, showing demand in the mainland consumer market.
Express News | Guosheng Securities: The short-term supply-demand easing restricts aluminum prices, with domestic supply being rigid and highlighting the upward elasticity of aluminum prices.
Shanghai Stock Exchange Announcement! sse 50, sse science and technology innovation board 50 index and other indexes will undergo a significant adjustment, effective after the market closes on December 13th.
Chongqing Sokon Industry Group Stock, crrc corporation, Beijing-Shanghai High Speed Railway, CMOC Group Limited, Cambrian Innovation Incorporated added to sse 50
Shanghai Stock Exchange: Adjusting the sample stocks of sse 50, sse 180 index, sse 380 index, sse science and technology innovation board 50 index and other indices.
On November 29, the exchange announced that, according to the index rules and after review by the index expert committee, the shanghai stock exchange and China Securities Index Company decided to adjust the samples of the sse 50, sse 180 index, sse 380 index, and sse science and technology innovation board 50 index, effective after the market closes on December 13, 2024.
Huafu Securities: In October, copper ore imports dropped month-on-month, and processing fees remained stable at a low level.
As the usa Federal Reserve deepens interest rate cuts to boost investment and consumer spending, it also opens up the domestic mmf policy space. Additionally, the inflation rebound brought about by loose monetary and fiscal policies after the usa election will support an upward shift in the central price of copper.
Express News | Bolivian President Luis Arce stated on Tuesday that the state-owned lithium company YLB has signed a contract worth 1.03 billion dollars with Catl Brunp and CMOC (CBC) to build two lithium processing plants in the Uyuni salt flat.
French miners lament that the profitability of nickel mining business cannot be achieved without china technology and equipment.
① The multinational mining giant Ehmann stated that western companies cannot make a profit in the nickel mining business in Indonesia without relying on china's technology, equipment, and management experience; ② Ehmann and BASF have canceled the 2.6 billion dollar nickel-cobalt refining plant project in Indonesia due to it being 'economically unfeasible'; ③ Ehmann is collaborating with China’s Qingshan Holding to operate the nickel mine in Weda Bay, with the CEO stating that china's technology, expertise, and equipment are key to competitiveness.
Express News | Over 260 funds have reached a new high in the adjusted net asset value.
[Brokerage Focus] Goldman Sachs maintains a "buy" rating on contemporary amperex technology (300750) and is bullish on its USA factory construction plan.
Jingu Finance News | Goldman Sachs' research report pointed out that the chairman of Contemporary Amperex Technology (300750) revealed the company's consideration of the possibility of building a factory in the usa. If the Trump administration allows Chinese companies to invest in the American electric vehicle supply chain, Contemporary Amperex Technology is expected to increase its market share in the USA. Goldman Sachs believes that this move will help alleviate investors' concerns about geopolitical risks and may enhance the company's valuation multiples. The report mentioned that Contemporary Amperex Technology currently has a small market share in the USA, mainly by licensing battery technology to auto manufacturers including Ford and Tesla. Goldman Sachs expects that if Contemporary Amperex Technology could establish a battery factory in the USA, its
Hong Kong stocks fluctuated | Non-ferrous stocks collectively under pressure, jl mag rare-earth (06680) fell nearly 8% in the afternoon as the strong dollar continued to exert pressure on non-ferrous metals.
The colored stocks are collectively under pressure. As of the time of publication, jl mag rare-earth (06680) is down 7.3%, trading at 8.76 Hong Kong dollars; ganfenglithium (01776) is down 7.16%, trading at 24 Hong Kong dollars; lingbao gold (03330) is down 4.92%, trading at 2.9 Hong Kong dollars.
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