HSBC Research published a research report listing the investment rating and target price of resource H shares, as follows:

Stock | Investment Rating | Target Price (HKD)

Aluminum Stocks

China Hongqiao (01378.HK) | Buy | HKD 13.9

Aluminum Corporation of China (02600.HK) | Buy | HKD 6.2

Copper Stocks

CMOC Group Limited (03993.HK) | Buy | HKD 9.4

Jiangxi Copper (00358.HK) | Hold | HKD 14.7

MMG Limited (01208.HK) | Buy | HKD 3.86

Zijin Mining Group Co., Ltd. (02899.HK) | Buy | HKD 20.9

Lithium Stocks

Ganfeng Lithium Co., Ltd. (01772.HK) | Buy | HKD 34

Tianqi Lithium Corporation (09696.HK) | Buy | HKD 36

Steel Stocks

Angang Steel Co., Ltd. (00347.HK) | Buy | HKD 1.6

Maanshan Iron & Steel Company Limited (00323.HK) | Buy | HKD 1.5

Cement Stocks

Asia Cement (China) Holdings Corporation (00743.HK) | Hold | HKD 2.3

Conch Cement Company Limited (00914.HK) | Buy | HKD 24.3

CR Building Materials Technology Co., Ltd. (01313.HK) | Hold | HKD 1.4

Glass Stocks

Xinyi Glass (00868.HK) | Buy | HKD 11.6

Fuyao Glass (03606.HK) | Buy | HKD 50.6

Paper Stocks

Amara (01044.HK) | Hold | HKD 26

Lee & Man Paper (02314.HK) | Hold | HKD 2.3

ND Paper (02689.HK) | Hold | HKD 3.8

Oil & Gas Stocks

China Petroleum (00857.HK) | Buy | HKD 9.2

CNOOC (00883.HK) | Buy | HKD 23.5

Sinopec (00386.HK) | Hold | HKD 4.6

Coal Industrial Concept (Coal Industry)

China Shenhua Energy (01088.HK) | Neutral | HKD 35

(da/u)

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