Morgan Stanley released a report, adjusting the earnings per share forecast for CMOC Group Limited (03993.HK) from 2024 to 2026 by -1.9%/+0.3%/+0.6% respectively. The target price also decreased from 8.9 yuan to 8.7 yuan, equivalent to a forecasted 2025 PE ratio of 14.6, rated as 'shareholding'.

The bank took into account changes in metal prices, and adjusted sales volume forecasts based on the company's expansion plans and first-half performance.