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<Research>M Stanley Raises JIANGXI COPPER's TP to HKD75; Rising Sulfuric Acid Prices Serve as Tailwind
Recommend 6 Positive 14 Negative 4 |
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The growth outlook for copper production at JIANGXI COPPER (00358.HK) is improving, and several new projects are currently underway, Morgan Stanley wrote in its research report. Driven by strong sulfuric acid prices, the smelting profit margin has also increased. Under these improving factors, Morgan Stanley has raised its target price for JIANGXI COPPER by around 90% from HKD39.5 to HKD75 and given the company an Overweight rating to reflect a stronger earnings outlook and medium-term growth visibility. AAStocks Financial News |
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