<Research Report>MONGOL MINING (00975) maintained OW with TP cut to HK$7.5 by JPM

AAFN - Research Report

MONGOL MINING (00975) maintained OW with TP cut to HK$7.5 by JPM

2012-06-28 11:22:53

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J.P. Morgan believes MONGOL MINING (00975)'s stock price has dived mainly due to mounting political uncertainties, coupled with heavy selling pressure in the stock market. MONGOL MINING's operations continue to strengthen, said the broker, who maintained the Overweight rating of the former. MONGOL MINING's target price was lowered to HK$7.5 from HK$9.

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