Core Viewpoint - Citigroup has raised the target price for China Molybdenum from HKD 5.7 to HKD 7.2, reflecting updated resource estimates, rising copper prices, and a downward adjustment in the C1 cost guidance for the Las Bambas project, maintaining a "Buy" rating and initiating a 90-day positive catalyst observation period [1] Group 1 - The adjustment in the target price is based on strong gold and copper prices, as well as stable output from the Las Bambas project [1] - Citigroup anticipates a potential decrease in the C1 cost guidance for the Las Bambas project due to favorable market conditions [1] - The company's net profit is highly sensitive to fluctuations in copper prices, which is expected to benefit the company as copper prices rise [1]
大行评级丨花旗：上调五矿资源目标价至7.2港元 启动90日正面催化剂观察期