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<Research>G Sachs Keeps Buy on Copper & Gold Firms, Expects Strong Recurring Profit Growth This Yr
Recommend 16 Positive 29 Negative 10 |
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After summarizing FY25 results of China's base metals sector (including copper, aluminum, and gold), Goldman Sachs expects most base metals and gold companies to deliver strong recurring profit growth of 42-114% YoY on rising metal/gold prices this year, according to the broker's research report. Among them, ZIJIN MINING (02899.HK) and CMOC (03993.HK) should record copper and gold production growth of 5-12%. Goldman Sachs has maintained a Buy rating on copper and gold companies. It rated CHINAHONGQIAO (01378.HK) as Neutral while upgrading CHALCO (02600.HK)'s rating from Sell to Neutral, with a target price lifted from HKD9 to HKD12.5. Auto-translated by AI AASTOCKS Financial News |
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