Morgan Stanley maintained the stock's growth rating after International Resources (1051.HK) announced the completion of the Martabe project evaluation. Morgan Stanley said that international resources made minor adjustments to the factory site, raising capital expenditure expectations by 80 million US dollars to 290 million US dollars. The bank said that although the initial start of production was delayed until the fourth quarter of 2011 and capital expenditure increased, causing international resources to lose in the market recently, the bank believes that the trend of losing is excessive; the bank lowered the target price of international resources from HK$0.74 to HK$0.71. International resources rose 5.63% yesterday to close at HK$0.375.
大摩维持国际资源(1051.HK)增持评级，目标价降至0.71港元
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.