智通财经网·2025-08-26 05:55Core Viewpoint - Morgan Stanley has adjusted the profit forecast for Luoyang Molybdenum (603993.SH, 03993) for 2025 down by 2% due to the extended export ban in Congo, while increasing the profit forecasts for 2026 and 2027 by 5% and 8% respectively [1] Group 1: Profit Forecast Adjustments - The profit forecast for 2025 has been reduced by 2% to reflect the impact of the extended export ban in Congo [1] - Profit forecasts for 2026 and 2027 have been increased by 5% and 8% respectively [1] Group 2: Target Price Changes - The A-share target price has been raised from 10 RMB to 14 RMB [1] - The H-share target price has been increased from 8.2 HKD to 13.5 HKD [1] Group 3: Stock Performance and Market Factors - Luoyang Molybdenum's stock price rose on the previous day, driven by strong performance in the first half of the year and increasing expectations of interest rate cuts in the US [1] - The company is experiencing strong growth in copper and cobalt production, which is gradually reaching the upper limit of annual guidance [1] - The export ban in Congo may negatively impact the gross profit of the cobalt business in the third quarter, but investors are likely to overlook this factor as copper prices are seen as the key driver for stock performance [1]