大行评级｜花旗：上调五矿资源目标价至5.7港元 看好2026至27年铜价

Group 1 - The core viewpoint of the report is that Citigroup has raised the earnings forecasts for China Molybdenum for the fiscal years 2025 to 2027 by 21.8%, 25.6%, and 16%, respectively, to $660 million, $936 million, and $1.161 billion, reflecting an increase in copper prices and a decrease in the forecasted C1 unit cost of copper [1] - Citigroup predicts that for every 5% increase in copper prices, China Molybdenum's net profit will increase by 18% and 14% for the next two years [1] - The bank remains optimistic about copper prices for 2026 to 2027, expecting this to drive an increase in China Molybdenum's net profit, and has raised its target price from HKD 4.3 to HKD 5.7 while maintaining a "buy" rating [1]