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| HSI1 | 23,211.81 | 0.00 | -- |
| HSCEI1 | 7,802.09 | 0.00 | -- |
| Back Zoom + Zoom - Block Traded | |
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2026-10-26 11:06:39 Citi published a report stating that CMOC (03993.HK) reported net profit of RMB24 billion for the first nine months of this year, up 68% YoY, representing 70% and 73% of the broker's full-year forecast and market consensus, respectively. Recurring net profit and EBIT for the first nine months reached RMB23.3 billion and RMB39.8 billion, up 61% and 62% YoY, respectively. Based on calculations, 3Q EBIT was RMB13.1 billion, up 45% YoY but down 8% QoQ, slightly below the broker's expectations, mainly due to lower gross profit in the cobalt segment, which may be related to adjustments from average selling price restatements. Estimated 3Q net profit was RMB7.9 billion, up 40% YoY but down 6% QoQ. The broker maintained its Buy rating and TP at HKD29, noting that the current H-share price is equivalent to projected 2026 and 2027 P/E ratios of 6.9x and 6.4x, respectively, indicating attractive valuation. (ha/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |