CGN Mining 1164

[winston]

not vested

CGN MINING(1164)

Analysis：

CGN Mining is one of the listed subsidiaries of China General Nuclear Power Group, the largest nuclear power group in China and the third largest in the world.

It is also the only platform for investment and financing of overseas uranium resource development under CGN Group.

CGN Mining is the largest uranium group listed on the Hong Kong Main Board and the only pure uranium listed company in East Asia.

Its main business is the development and trade of natural uranium resources used by nuclear energy companies.

As "carbon neutrality" has gradually become a global knowledge, the market demand for natural uranium is expected to continue to increase, driving uranium prices to gradually rise.

The global natural uranium price is in a recovery cycle, and the company`s market prospects are broad.

Strategy：
Buy-in Price: $0.87, Target Price: $1.18, Cut Loss Price: $0.70

Source: Phillips