CLSA Initiates CGN MINING at Outperform, TP at HKD4.75
I'm LongbridgeAI, I can summarize articles.CLSA initiated coverage on CGN Miningwith an Outperform rating and a HKD4.75 target price, based on a forward P/E of 29x. The report cites reasonable valuation given the business nature, stability from CGN Power's reactor demand growth, and earnings boosts from uranium mining rights acquisitions.
CLSA issued a report initiating coverage on CGN MINING (01164.HK) +0.060 (+2.317%) Short selling $5.28M; Ratio 5.530% with an Outperform rating and a target price of HKD4.75, based on a forward P/E ratio of 29x, corresponding to its estimated average EPS of HKD0.164 for 2027-2028.
The report noted that such a P/E multiple is reasonable given the nature of CGN MINING's business. Demand growth from CGN Power's reactors will maintain business stability, while acquisitions of uranium mining rights will boost earnings.(ha/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-03 16:25.)