Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00975 MONGOL MINING
RTNominal down9.240 -0.190 (-2.015%)
Others

26/07/2013 10:19

[I-bank focus]Daiwa starts MMC (00975) at "sell" & HK$1.1

[ET Net News Agency, 26 July 2013] Daiwa Research initiated coverage of Mongolian
Mining Corp (MMC)(00975) with a "sell" rating, and target price of HK$1.1
The research house does not expect much improvement in MMC's net-profit margin given
the current worse overcapacity coking-coal issue in its only market (China). Hence, it
sees further share-price downside.
Daiwa thinks MMC will have little choice but to cut its ASP further in 2H 2013 to meet
its export volume guidance of 6m tonnes of washed hard coking-coal products. The house
forecast its hard coking-coal ASP to fall to US$95/tonne for 2013-15 from US$108/tonne in
2012. (KL)

Back to Others

Remark: Real time quote last updated: 23/04/2024 17:59
  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.