[ET Net News Agency, 17 January 2018] Credit Suisse initiated coverage on MMG Limited
(01208) with an "outperform" rating, and target price of HK$5.5, based on the positive
copper concentrate price outlook.
It expects the copper concentrate price to see support from the tight copper mining
supply demand; MMG is the top beneficiary. It expects price of copper concentrate to
increase further in the near term. Copper demand is expected to remain supported. The
tightening on copper scrap imports would also help provide support to copper prices. (KL)