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<Research>HSBC Research Prefers CN Copper & Aluminum Sectors, Upgrades MMG (01208.HK) to Buy
Recommend 17 Positive 25 Negative 13 |
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HSBC Global Research issued a research report shifting its preference for Asia materials back to copper and aluminum after the recent pullback. The broker expected a short-term rebound in both commodities' prices and related companies' share prices as a result of China's recent stimulus measures. HSBC Global Research upgraded MMG (01208.HK) from Hold to Buy, with a target price of $2.6. The broker was bullish on ZIJIN MINING (02899.HK) in copper and CHINAHONGQIAO (01378.HK) in aluminum, with target prices of $21/ $17.1 each and ratings at Buy. HSBC Global Research also kept rating at Underweight for JIANGXI COPPER (00358.HK), with a target price of $10.1. AAStocks Financial News |
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