[ET Net News Agency, 30 August 2018] Credit Suisse maintained its target price for
Jiangxi Copper (00358) at HK$10, but upgraded its rating to "neutral" from "underperform"
on stabilising treatment and refining charges (TC/RC).
The research house said Jiangxi Copper's 1H earnings were within its preliminary
results. Credit Suisse tweaked up its 2018-19 earnings forecasts to Rmb2.6/2.9bn.
It believes that most negative factors on copper price have been priced in. Credit
Suisse expects concerns on trade war and soft demand in 2H will weigh down on copper
price. (KL)