CMOC 3993

Re: CMOC 3993

Postby winston » Wed Jun 13, 2018 1:39 pm

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Feb 9, 2018

<Research Report>Deutsche Keeps CMOC (03993.HK) at Buy with Target Raised to $6.4

Deutsche Bank, in its report, expressed positive view on bronze from industry perspective, considering shortage will continue until 2020.

The research house was also positive on cobalt, mainly riding on strong NEV growth.

CMOC (03993.HK) was kept at Buy with target price raised to $6.4 from $5.2.

Source: AAStocks Financial News
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Re: CMOC 3993

Postby winston » Wed Jun 13, 2018 1:41 pm

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Jan 31, 2018

<Positive Profit Alert>CMOC Forecasts 2017 Net Profit to Rise RMB1.7B

CMOC (03993.HK) issued positive profit alert, expecting that the net profit attributable to equity holders of the Company for 2017 will increase by an amount between RMB1.7 billion and RMB1.9 billion, representing an increase between 170.3% and 190.4% as compared with 2016.

Source: AAStocks Financial News
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Re: CMOC 3993

Postby winston » Wed Jun 13, 2018 2:10 pm

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COMPANY PROFILE

China Molybdenum Co., Ltd. is a China-based company, principally engaged in the mining, smelting, processing and trading of metals, such as molybdenum, tungsten and copper.

The Company operates its businesses through five segments:-

1. Its Molybdenum, Tungsten and Related Products segment is mainly engaged in the mining of molybdenum and tungsten.

2. Its Copper, Gold and Related Products segment is mainly engaged in the mining of copper and gold.

3. The Niobium and Related Products segment is engaged in niobium manufacturing business.

4. The Phosphorus segment is engaged in phosphate manufacturing business.

5. The Copper and Cobalt segment is engaged in the production of Copper and Cobalt.

The Company conducts its businesses mainly in China, Australia, Brazil and Congo.
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Re: CMOC 3993

Postby winston » Mon Jul 02, 2018 6:59 am

China Molybdenum, a partly state-owned producer of the chemical element, paid US$2.65 billion in 2016 for the Tenke Fungurume Mine in the Democratic Republic of Congo, one of the world’s largest known reserves of copper and cobalt resources.

Source: SCMP
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Re: CMOC 3993

Postby winston » Thu Aug 16, 2018 2:18 pm

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July 31, 2018

<Research Report>Citi: CMOC (03993.HK) 1H Growth Vibrant; Retained Buy with TP $5.45

Citigroup's report mentioned that CMOC (03993.HK) made a profit alert, suggesting 1H18 net profit will grow 271-295% yearly to RMB3.1-3.3 billion, mainly attributable to copper, cobalt, moly and tungsten price hikes, according to the management.

The broker said the alert implied 2Q18 net profit of RMB1.55-1.75 billion, up 5.5-6.3 times yearly and broadly in-line with its estimates, for which CMOC was retained Buy at the target price HKD5.45.

Source: AAStocks Financial News
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Re: CMOC 3993

Postby winston » Thu Aug 16, 2018 2:19 pm

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July 31, 2018

<Positive Profit Alert>CMOC (03993.HK) 1H18 Profit At Least RMB3.1B, Up 2.7-3x

CMOC (03993.HK) issued a profit alert, suggesting the net profit attributable to equity holders for the six months ended 30 June 2018 will increase by 271%-295% yearly to RMB3.1-3.3 billion, mainly attributable to the price hikes of the major metal products of the company, namely copper, cobalt, molybdenum and tungsten, as compared with the same period of last year.

Source: AAStocks Financial News
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Re: CMOC 3993

Postby winston » Tue Aug 28, 2018 9:16 am

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SUMMARY OF 2018 INTERIM REPORT

Operating revenue amounted to RMB14,060 million, an increase of 20.63% year on year;

Net profit amounted to RMB3,601 million, an increase of 162.95% year on year, among which: net profit attributable to the parent company amounted to RMB3,123 million, an increase of 273.89% year on year.

Net cash flow from operating activities amounted to RMB5,412 million, an increase of 55.45% year on year.

Total EBITDA amounted to RMB7,303 million, an increase of 41.15% year on year; the balance of cash and cash equivalents amounted to RMB26,600 million;

Gearing ratio was 52.55%, total net interest-bearing liabilities amounted to RMB10,751 million, net interest-bearing debt ratio was 10.65%;

Cobalt production of TFM Copper/Cobalt Mine in the DRC reached a historical high in the first half of 2018 with volume of 9,029 tonnes; mainly attributable to the long-lasting rise in cobalt price, C1 cash cost of TFM copper was US$-1.04 per pound.

http://www.hkexnews.hk/listedco/listcon ... 271130.pdf
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Re: CMOC 3993

Postby winston » Tue Aug 28, 2018 10:51 am

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<Result Ann>CMOC (03993.HK) Interim Net Profit RMB3.123B, Up 274%

CMOC (03993.HK) announced interim results ended June 2018.

Net profit amounted to RMB3.123 billion, up 273.9% yearly.

EPS equaled 14 fen.

No dividend was declared.

Source: AAStocks Financial News
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Re: CMOC 3993

Postby winston » Tue Aug 28, 2018 3:45 pm

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<Post-Result>Brokers' Latest Ratings, TPs on CMOC (03993.HK) (Table)

Brokers/Ratings/Target prices (HK$)

Credit Suisse Outperform 7.2->7.4
Morgan Stanley Overweight 6
Citigroup Buy 5.45
Nomura Underweight 3

Source: AAStocks Financial News
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Re: CMOC 3993

Postby winston » Sun Oct 07, 2018 9:20 am

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China Molybdenum (CMCLF)

China Molybdenum (OTCMKTS:CMCLF) is a $12.4 billion company that is partly owned by the Chinese government.

As I mentioned, China is a leader in the electric vehicles market, and this company gives it a direct link to the highly sought-after metal — CMCLF owns the majority of the Tenke Fungurume mine in the DRC, which has one of the largest deposits of cobalt in the world.

The stock has struggled in 2018 and recently hit a yearly low. However, the company’s financials are improving, and over time I expect to see higher prices.

This could turn into a deep value play, so it’s definitely a stock worth keeping on your radar.

Source: Investor Place
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