According to the Zhongtong financial app, CITIC SEC has released a research report stating that it maintains a "buy" rating on MMG (01208) and predicts the company's performance in 2024-2026 to be US$0.174/0.468/0.922 billion, with an unchanged target price of HK$5 per share.

According to the report, MMG achieved a performance of US$0.021 billion in 2024H1, a decrease due to the phased factors of reduced Las Bambas sales volume and increased expenses related to the acquisition of Khoemacau. With the contribution of the second mining pit exceeding expectations and pushing for significant growth of Las Bambas and cost reduction, plus the Kinsevere and zinc mining sectors moving from disruptive transition to performance release, coupled with further debt reduction after improvement in cash flow and the arrival of stock funds, improvements in both the production and financial ends of the company in the second half of the year are expected.