Core Viewpoint - Morgan Stanley has adjusted the profit forecast for Luoyang Molybdenum (603993) down by 2% for 2025 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 Luoyang Molybdenum in 2025 has been reduced by 2% [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: Market Performance and Influencing 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, approaching the upper limit of its 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 the stock price [1]