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00358 JIANGXI COPPER
RTNominal up15.760 +0.460 (+3.007%)
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17/01/2018 15:23

[I-bank focus]Credit Suisse starts Jiangxi Copper at HK$10

[ET Net News Agency, 17 January 2018] Credit Suisse initiated coverage on Jiangxi
Copper (00358) with an "underperform" rating and target price of HK$10, based on the
negative outlook for copper TC/RC, given strong copper concentrate prices.
The research house expects copper TC/RC to see pressure from additional smelting
capacity; Jiangxi Copper is a casualty. It thinks potential capacity increase in copper
smelting and refining in 2018 should surpass that of copper concentrate, which would exert
downside pressure on copper TC/RC in 2018. (KL)

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