Gelonghui November 21 | According to a report published by Citibank, Luoyang Molybdenum updated its forecast model after announcing its third-quarter results. The target price for H shares was lowered from HK$8.1 to HK$7.2, maintaining the “buy” rating. Citi lowered its net profit forecast for each year of 2023-2025 by 27%, 22% and 13%, respectively, to $5.8 billion, $9.5 billion and $14.9 billion, mainly reflecting this year's higher tax expenses and the latest commodity price forecasts of its commodity team.
大行评级｜花旗：维持洛阳钼业“买入”评级 目标价下调至7.2港元
Bank Ratings｜Citibank: Maintaining Luoyang Molybdenum Industry's “Buy” Rating, Target Price Lowered to HK$7.2
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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.
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