Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
03993 CMOC
RTNominal up7.150 +0.100 (+1.418%)
Others

08/08/2019 10:12

{I-bank focus}Daiwa starts CMOC (03993) at HK$2.75

[ET Net News Agency, 8 August 2019] Daiwa Research initiated coverage on China
Molybdenum (CMOC)(03993) with an "outperform" rating and a target price of HK$2.75.
Due to oversupply in the cobalt market, CMOC's share price declined by more than 60%
from its peak in 2018, and the research house now sees an attractive entry point for
investors.
Daiwa prefers cobalt over lithium, as it expects the cobalt industry to re-enter a
supply deficit in 2020 and lithium to remain in severe supply surplus. Also, the cobalt
price is below the incentive price, whereas the lithium price is 50% above the cost of
production. (KL)

Back to Others

Remark: Real time quote last updated: 25/04/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.