智通财经网·2025-10-27 07:27Group 1 - Goldman Sachs maintains a "Buy" rating for Luoyang Molybdenum (03993), raising the target price from HKD 10.8 to HKD 19 [1] - Luoyang Molybdenum's Q3 net profit increased by 96% year-on-year to RMB 5.61 billion, with the first three quarters' recurring net profit reaching RMB 14.1 billion, exceeding expectations [1] - The recurring profit forecast for Luoyang Molybdenum for 2025 to 2027 has been raised by 8% to 32%, and the copper production forecast for 2028 to 2030 has been increased by 30% to 1 million tons [1] Group 2 - The expected rise in copper prices and recovery in cobalt prices will drive a compound annual growth rate of 38% in recurring profits for Luoyang Molybdenum from 2025 to 2026 [1] - The anticipated production of 1 million tons of copper by 2028 and the launch of the Cangrejos gold-copper project are expected to drive profit growth from 2028 to 2029 [1]