Morgan Stanley published a research report, listing the investment ratings and target prices for resource stocks listed in Hong Kong as follows:

Stock | Investment Rating | Target Price (HKD)

Zijin Mining Group (02899.HK) | Shareholding | 22.9 yuan

MMG (01208.HK) | In line with the market -> Shareholding | 2.5 yuan -> 3.6 yuan

Aluminum Corporation Of China (02600.HK) | Shareholding | 7.1 yuan -> 5.5 yuan

CHINAHONGQIAO (01378.HK) | Shareholding | 14.1 yuan -> 15.4 yuan

ZHAOJIN MINING (01818.HK) | Shareholding | 17.2 yuan

CMOC Group Limited (03993.HK) | Shareholding | 8.3 yuan

CR BLDG MAT TEC (01313.HK) | Shareholding | 1.93 yuan -> 2.3 yuan

XINYI SOLAR (00968.HK) | Shareholding | 4 yuan

CONCH CEMENT (00914.HK) | Shareholding | 24.5 yuan

GANFENGLITHIUM (01772.HK) | Shareholding | 27 yuan

FLAT GLASS (06865.HK) | Shareholding | 15.5 yuan

SHOUGANG RES (00639.HK) | Shareholding | 3.52 yuan

YANCOAL AUS (03668.HK) | Shareholding | 39.93 yuan

China Shenhua Energy (01088.HK) | Shareholding | 38 yuan

CGN MINING (01164.HK) | Shareholding | 1.7 yuan

ND PAPER (02689.HK) | In line with the market | 3.6 yuan

Tianqi Lithium Corporation (09696.HK) | In line with the market | 26.4 yuan

Jl Mag Rare-Earth (06680.HK) | In line with the market | 8.2 yuan

CHINA LESSO (02128.HK) | In line with the market | 3.4 yuan

China Coal Energy (01898.HK) | In line with the market | 8.5 yuan

WESTCHINACEMENT (02233.HK) | In line with the market | 0.9 yuan -> 1.5 yuan

YANKUANG ENERGY (01171.HK) | Shareholding | 8.31 yuan

XINYI GLASS (00868.HK) | Shareholding | 6.6 yuan

JIANGXI COPPER (00358.HK) | Shareholding -> Shareholding | 18 yuan -> 10 yuan