On September 10, CMOC fell 3.09% in regular trading, trading at HKD 17.25/share, with turnover of HKD 2.52 billion. Despite LME copper futures breaking above USD 14,800/ton to hit a fresh all-time high, the stock came under pressure as overnight global risk assets broadly retreated, dampening sentiment across the Hong Kong-listed non-ferrous metals sector.
The selloff was broad-based, with peers such as Zijin Mining and other copper names declining in tandem. Escalating geopolitical tensions combined with renewed interest rate hike expectations further weighed on the Hang Seng Index. Additionally, September 9 marked the ex-dividend date for the company's A-shares following its interim distribution of RMB 0.095 per share, introducing short-term profit-taking pressure.
On the fundamental side, the company reported first-half attributable net profit of RMB 16.152 billion, up 86.27% year-over-year, with revenue reaching RMB 135.32 billion, a 42.78% increase. A total of 14 brokerages have issued ratings in the past 90 days — 8 at Buy and 6 at Overweight — with a consensus target price of RMB 22.87.
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