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24323 MB-MRES@EC2507A (CALL)
RT Nominal up0.040 +0.002 (+5.263%)

15/08/2024 15:56

{I-bank focus}BOCI lowers MMG (01208) to HKD3.59

[ET Net News Agency, 15 August 2024] BOCI lowered the target price for MMG (01208) to
HKD3.59 from HKD3.64 and maintained the "buy" rating.
The research house said it now expects the company's earnings to jump about 2.3x HoH in
2H24 as it expects the total copper sales volume to surge 53% HoH given the ramp up of
output at Las Bambas and Khoemacau. (rc)

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