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<Research>Citi Raises CMOC's TP, Keeps Rating as Buy
Recommend 3 Positive 8 Negative 3 |
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Citi has published a research report raising its 2025-27 net profit forecasts for CMOC (03993.HK) by 3.8%/ 34.2%/ 17.5% to RMB20.5 billion/ RMB33.9 billion/ RMB31.8 billion. CMOC announced the acquisition of Brazilian gold assets in December 2025 and completed the deal in January 2026, according to the report. Citi expects these assets to contribute 7.1 tons of attributable gold production in 2026, generating around RMB2.4 billion in net profit. Citi has raised its target price for CMOC from HKD20.6 to HKD28.3 and maintained the Buy rating unchanged. AAStocks Financial News |
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