As for South Gobi's (1878.HK) performance in the third quarter, Citi believes that it is roughly in line with expectations. The net profit of US$55.92 million is mainly driven by fair value earnings of 62 million US dollars of convertible shares; the outlook for the final quarter is stable, and the balance and liability situation is also quite loose, enough to meet the capital expenditure requirements for the next two years; maintain purchases, with a target price of HK$87.4.

Nangobi rose 3.7% yesterday to close at HK$63.90.