BofAS issued a research report stating that CMOC (03993.HK) -0.180 (-0.977%) Short selling $103.57M; Ratio 6.544% reported a 97% YoY increase in net profit to RMB7.76 billion in 1Q26, in line with the brokers expectations. During the period, the copper business contributed gross profit of approximately RMB10 billion, accounting for about 63% of total product gross profit. Copper production rose 10% YoY to 188,000 tonnes, with sales reaching 182,000 tonnes. The group maintained its full-year 2026 production guidance at 760,000 to 820,000 tonnes.BofAS noted that cost inflation remains the key variable. It maintained its Buy rating on CMOCs H-shares with a TP of HKD28. (hc/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-29 16:25.)
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