JP-MRES@EC2606A

Goldman Sachs Maintains Buy Rating on MMG, With a Price Target of HKD 13.00

MMG Reviews Impairment Indicators for Kinsevere Operations

BOC International raises earnings forecast for MMG

Citibank Raises Target Price for MMG to HKD 12.5 and Maintains Buy Rating

MMG Reports 2025 Copper and Zinc Output Growth

Minmetals Resources Announces Q4 2025 Copper and Zinc Production and Impact of Gold and Silver Prices

Galaxy Securities First Covers and Rates Minmetals Resources as 'Buy'

MMG's Subsidiary Signs Molybdenum Concentrate Sales Agreement

MMG Approves and Commences Expansion Project for Botswana Copper Mine

MMG Resources Signs Concentrate Sales Agreement with Subsidiary

Hedgeye Report Indicates Continued Strong Growth for MMG in Q4, Maintains Hold Rating

MMG Adjusts Annual Cap Due to Higher-than-Expected Copper, Gold, and Silver Prices

Morgan Stanley Issues Buy Rating Report on Minmetals Resources

DBS Raises Target Price for MMG

EU extends review of MMG's acquisition of Anglo American's Brazilian nickel business to second phase

MMG Acquires Anglo American's Nickel Business

EU Conducts In-Depth Investigation into MMG's Acquisition of Brazilian Nickel Business

Mink Resources Stock Rises Amid Potential EU Investigation

BOC International Upgrades Minsource Energy Profit Forecast and Target Price

MMG Reports Q3 2025 Production Results

BOER POWER

WAI CHUN GROUP

HUAYUEXPRESSWAY

ASIA ENERGY LOG

KNOWLEDGE ATLAS

HING LEE (HK)

JH EDUCATION

TBKS HLDGS

SIMPLICITY HLDG

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02015

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00100

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HWORLD-S(01179) rose 4.31%, with a trading turnover 127.0 Million HKD, and a year-to-date rose 8.8%. LI AUTO-W(02015) rose 3.61%, with a trading turnover 2.1 Billion HKD, and a year-to-date rose 10.6%. AIA(01299) fell 5.54%, with a trading turnover 4.8 Billion HKD, and a year-to-date rose 4.5%. MINIMAX-WP(00100) fell 5.14%, with a trading turnover 398.3 Million HKD, and a year-to-date rose 179.4%.

- The Hang Seng Index fell 1.21% but has accumulated a 3.6% increase this year.  
- The Hang Seng Tech Index decreased by 1.11%, totaling a 3.1% decline year-to-date.  
- Key stocks include Huazhu Group, which rose 4.31%, and AIA, which dropped 5.54%, with MINIMAX-WP experiencing a significant decrease of 5.14%.

Top Gainers & Losers

HWORLD-S

LI AUTO-W

GANFENGLITHIUM

CEB BANK

PETROCHINA

MINIMAX-WP

FUYAO GLASS

Top 5 HK Stock Gainers/Losers (>100B) (2.6)

09987

03288

00992

09660

02359

03993

00358

YUM CHINA(09987) rose 11.42%, with a trading turnover 1.1 Billion HKD, and a year-to-date rose 18.6%. HAITIAN FLAV(03288) rose 5.59%, with a trading turnover 394.2 Million HKD, and a year-to-date rose 3.8%. MINIMAX-WP(00100) fell 8.65%, with a trading turnover 675.2 Million HKD, and a year-to-date rose 194.5%. GANFENGLITHIUM(01772) fell 6.6%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 7.6%.

YUM CHINA

HAITIAN FLAV

LENOVO GROUP

HORIZONROBOT-W

WUXI APPTEC

CMOC

JIANGXI COPPER

Top 5 HK Stock Gainers/Losers (>100B) (2.5)

02539

06128

00079

09696

02865

The market overview of Hong Kong stocks in the past hour shows a clear divergence in market sentiment. Some technology and new energy stocks are under pressure, while certain sectors exhibit strong rebound momentum. The sharp decline of LEMO SERVICES has attracted widespread attention in the market. Overall, the capital flow seems to favor individual stocks with high short-term heat, leading to increased volatility and a tighter trading rhythm in the short term. Meanwhile, the strong rise of C&D NEWIN injects a bit of vitality into the market, indicating a rapid switch of funds between different sectors. 

The most volatile stocks in the past hour include LEMO SERVICES, which plummeted by 37.14%, with a gloomy sentiment during the session and a surge in sell orders, suggesting that the market has significant doubts about its future prospects, resulting in a sharp decline in stock price. At the same time, GRAPHEX GROUP also faced a heavy drop of 27.37%, with the withdrawal of short-term funds making its performance even weaker. 

Strong stocks:
1. C&D NEWIN: Up 22.63%, showing strong buying interest despite the overall market pressure, attracting attention from many short-term funds.
2. METROPOLIS CAP: Up 10.42%, recent capital inflows indicate optimistic expectations for its future development, with a noticeable increase in short-term heat.
3. DRINDA: Although it fell by 10.71%, it rebounded at one point during the session, showing some recognition of its value by certain funds, which may present a rebound opportunity in the short term.

Stocks under pressure:
1. CENTURY LEGEND: Down 24.00%, with increasing market concerns about its future performance leading to a continuous rise in sell orders

HK Stock Movers Tracker

LEMO SERVICES

GRAPHEX GROUP

CENTURY LEGEND

C&D NEWIN

RAFFLESINTERIOR

TIANQI LITHIUM

SPT ENERGY

DRINDA

METROPOLIS CAP

Hong Kong Stock Movement Update: Tech stocks plummet, LEMO SERVICES falls 37%, C&D NEWIN rises 22% against the trend

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00HSI

STECH

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36Kr learned that the Hang Seng Index fell 1.27% during the midday break, and the Hang Seng TECH Index dropped 1.16%; the precious metals sector led the decline, with TIANQI LITHIUM down over 12%, WANGUO GOLD GP and MMG down over 9%; semiconductor and technology stocks weakened, with HUA HONG SEMI and GIGADEVICE down over 5%, and Bilibili and Kuaishou down over 3%; consumer stocks rose against the trend, with YUM CHINA up over 9% and MNSO up over 5%; southbound funds had a net purchase of HKD 9.4 billion

36Kr

MNSO

HUA HONG SEMI

Hang Seng Index

Hang Seng TECH Index

GIGADEVICE

WANGUO GOLD GP

BILIBILI-W

KUAISHOU-W

The Hang Seng Index fell 1.27% at midday, and the Hang Seng TECH Index dropped 1.16%

CMBC Capital Invests Nearly $12 Million in Minmetals Guaranteed Perpetual Bonds

marketscreener

CMBC Capital Invests Nearly $12 Million in Minmetals Guaranteed Perpetual Bonds

MMG Ltd. will hold a board meeting on March 3, 2026, to approve and publish its final results for the year ending December 31, 2025. This announcement was originally published via the Issuer Information Service of the Hong Kong Stock Exchange on February 2, 2026.

Reuters

Monger Gold Ltd.

MMG Ltd. Board to Approve Annual Results

Goldman Sachs has maintained a Buy rating on MMG (MMLTF) with a price target of HK$13.00. Additionally, TipRanks also issued a Buy rating for MMG, while another report from TipRanks reiterated a Hold rating on the same day.

Tip Ranks

Goldman Sachs Keeps Their Buy Rating on MMG (MMLTF)

MMG Ltd :SHIPPING FRAMEWORK AGREEMENT WITH MINMETALS SHIPPING FOR OCEAN TRANSPORT PROVISIONS

MMG Ltd Announces Shipping Framework Agreement With Minmetals Shipping

MMG Ltd. has submitted an updated list of directors to the Hong Kong Stock Exchange, effective January 27, 2026. The board includes Executive Directors Mr. Zhao Jing Ivo and Mr. Qian Song, Non-executive Directors Mr. Zhang Shuqiang, Mr. Cao Liang (Chairman), and Mr. Yue Wenjun, along with Independent Non-executive Directors Dr. Peter William Cassidy, Mr. Leung Cheuk Yan, Mr. Chan Ka Keung, and Ms. Chen Ying. Committee memberships were also disclosed, with Mr. Chan chairing the Audit and Risk Management Committee and Dr. Cassidy chairing the Governance, Remuneration, Nomination and Sustainability Committee. Both executive directors do not serve on any board committees.

MMG Ltd. Submits Director List to HKEX

MMG Ltd. has appointed Mr. Qian Song as Executive Director and Mr. Yue Wenjun as Non-Executive Director, effective January 27, 2026. Mr. Qian will also continue as CFO and a member of the Executive Committee, while Mr. Yue will join the Governance, Remuneration, Nomination, and Sustainability Committee. This announcement was published via the Hong Kong Stock Exchange.

MMG Ltd. Appoints Qian as Executive Director and Yue as Non-Executive Director

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MMG Limited has announced a non-cash impairment charge of approximately US$280 million to US$300 million related to its Kinsevere operation in the Democratic Republic of the Congo, due to various operational challenges. Despite this, the company expects a net profit after tax of US$500 million to US$520 million for 2025, supported by strong performances at its other operations and high metal prices. The latest analyst rating for MMG stock is a Hold with a price target of HK$11.50.

Guotai CSI Non-ferrous Metal ETF

GF CSI Rare Metals Theme ETF

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

Van Eck Associates Corp.

Yinhua CSI Non-ferrous Metal ETF

China Southern CSI SWS Non-Ferrous Metal ETF

Penghua Guozheng Non-ferrous Metal Industry ETF

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

ETFS Capital Ltd.

Hwabao WP CSI Non-ferrous Metal ETF

MMG Flags US$280–300 Million Kinsevere Impairment but Maintains Strong 2025 Profit Outlook

Bank of China International released a report, expecting MMG's profits to grow rapidly in 2026, despite a moderate increase in production. The profit forecast for 2026-2027 has been raised by 10-11%, with the target price increased from 10.25 yuan to 11.9 yuan, reiterating a "Buy" rating. It is expected that copper and zinc production will increase by 27% and 6% respectively in 2025. Although copper production is expected to grow by 3% year-on-year in 2026 and zinc production to decrease by 3% year-on-year, driven by rising metal prices, earnings per share in 2026 will increase by 1.1 times year-on-year. The recent surge in nickel prices has also enhanced the attractiveness of acquiring Brazilian nickel companies

AASTOCKS

In "The Big Banks," CICC raised the target price for MMG to 11.9 yuan and reiterated the "Buy" rating

01873

02546

01045

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DRINDA(02865) rose 51.4%, with a trading turnover 2.5 Billion HKD, and a year-to-date rose 81.4%. VIVA BIOTECH(01873) rose 21.11%, with a trading turnover 75.6 Million HKD, and a year-to-date rose 33.9%. ZHIHUI MINING(02546) rose 15.89%, with a trading turnover 41.6 Million HKD, and a year-to-date rose 49.4%.

JP-MRES@EC2606A(19235.HK)

Top 5 HK Stock Gainers/Losers (>100B) (2.6)

Top 5 HK Stock Gainers/Losers (>100B) (2.5)

Hong Kong Stock Movement Update: Tech stocks plummet, LEMO SERVICES falls 37%, C&D NEWIN rises 22% against the trend

The Hang Seng Index fell 1.27% at midday, and the Hang Seng TECH Index dropped 1.16%

CMBC Capital Invests Nearly $12 Million in Minmetals Guaranteed Perpetual Bonds