HSBC Research publishes a research report with ratings and target prices on resource stocks as follows:

Shares | Investment Rating | Target Price (HK$)

Conch Cement (00914.HK) | Buy | 30.5 yuan → 34.3 yuan

China Resources Cement (01313.HK) | Hold | $4.0 → $4.3

China Building Materials (03323.HK) | Buy | RMB 7.8 → 8.2 yuan

Asia Cement (China) (00743.HK) | Buy | 3.9 Yuan → 4.6 Yuan

Angang Steel (00347.HK) | Hold | $2.4 → $2.6

Ma Steel (00323.HK) | Buy | $2.0 → 2.4

Xinyi Glass (00868.HK) | Hold | RMB 16.2 → RMB 16.3

Aluminum Industry of China (02600.HK) | Hold | $2.5 → 4.3 yuan

China HongQiao (01378.HK) | Reduction → Buy | 5.6 yuan → 10.6 yuan

Molybdenum Luoyang (03993.HK) | Hold | NTD 3.2 → 4.6 yuan

Jiangxi Copper (00358.HK) | Hold → Buy | 9.5 yuan → 15.8 yuan

Minmetals Resources (01208.HK) | Hold | RMB 2.1 → $2.5

Nine Dragons Paper (02689.HK) | Hold | RMB 4.8 → RMB 7.8

LEI & MAN PAPER (02314.HK) | HOLD | $3.6 → $3.8

(da/u)

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