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<Research>HSBC Research Prefers CN Copper & Aluminum Sectors, Upgrades MMG (01208.HK) to Buy
HSBC Global Research issued a research report shifting its preference for Asia materials back to copper and aluminum after the recent pullback. The broker expected a short-term reb...
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<Research>HSBC Research Prefers CN Copper & Aluminum Sectors, Upgrades MMG (01208.HK) to Buy
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HSBC Global Research issued a research report shifting its preference for Asia materials back to copper and aluminum after the recent pullback. The broker expected a short-term rebound in both commodities' prices and related companies' share prices as a result of China's recent stimulus measures.

HSBC Global Research upgraded MMG (01208.HK)  +0.170 (+5.449%)    Short selling $26.48M; Ratio 7.583%   from Hold to Buy, with a target price of $2.6. The broker was bullish on ZIJIN MINING (02899.HK)  +0.400 (+2.230%)    Short selling $239.90M; Ratio 22.409%   in copper and CHINAHONGQIAO (01378.HK)  +0.400 (+2.821%)    Short selling $95.42M; Ratio 23.501%   in aluminum, with target prices of $21/ $17.1 each and ratings at Buy.

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HSBC Global Research also kept rating at Underweight for JIANGXI COPPER (00358.HK)  +0.480 (+3.395%)    Short selling $30.98M; Ratio 10.488%   , with a target price of $10.1.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-06 16:25.)

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