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<Research>HTSC Lifts CGN MINING (01164.HK) TP to $2.43, Keeps Rating at Buy
CGN MINING (01164.HK) signed a 3-year natural uranium sales agreement for 2026 to 2028 with its parent company, China Uranium Development, according to Huatai Securities' resea...
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<Research>HTSC Lifts CGN MINING (01164.HK) TP to $2.43, Keeps Rating at Buy
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CGN MINING (01164.HK)  -0.020 (-0.930%)    Short selling $13.72M; Ratio 5.019%   signed a 3-year natural uranium sales agreement for 2026 to 2028 with its parent company, China Uranium Development, according to Huatai Securities' research report. The base price and annual increment factor are both higher than the expectations of the broker and the market.

Huatai Securities remained optimistic about the global nuclear energy revival. Coupled with the implementation of the sales agreement, which boosts the Company's earnings and valuation, the broker kept rating at Buy, and raised its 2026-2027 net profit attributable to parent company forecasts by 15%/ 10% each.

Related NewsCMBI Adds CGN MINING (01164.HK) TP to $2.61 as New Pricing Framework Agreement Surprises
Huatai Securities also lifted its target price from $1.88 to $2.43.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-06 16:25.)

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