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<Research>M Stanley Estimates CGN MINING (01164.HK) Shr Price to Rise within 15 Days
Recommend 2 Positive 4 Negative 7 |
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Morgan Stanley released a research report on CGN MINING (01164.HK), of which stock price has a 70-80% probability of ascending within 15 days, with a rating of Overweight and a target price of HK$3.92. CNUC (001280.SZ) is listed on the Shenzhen Stock Exchange today (3rd), Morgan Stanley said. According to the company's filing, its IPO market cap is RMB37 billion, and it is expected to achieve a net profit of RMB1.6-1.65 billion this year. As the first uranium mining company listed in Mainland China, the broker assumed that CNUC will attract broader investor attention to the uranium mining sector, shoring up market confidence. Meanwhile, CGN MINING, as the only uranium mining company listed in Hong Kong and participating in Shenzhen/ Shanghai-Hong Kong Stock Connect, will also benefit. AASTOCKS Financial News Website: www.aastocks.com |
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