CHINFMINING

China Nonferrous Mining (1258.HK) closed sharply higher at HKD15.00, up 5.56% from the previous close of HKD14.21, driven by escalating copper supply concerns and the company's H1 profit alert (expecting attributable profit of ~US$420 million, up ~60% YoY). The intraday pattern showed a narrow morning session (range HKD14.60-14.78) followed by a sustained afternoon rally, reaching an intraday high of HKD15.11 before a slight pullback. The stock has reclaimed all moving averages, though it remains below its 52-week high. Valuations stand at a PE of 18.6x and PB of 3.0x, with a dividend yield of 2.17%. However, Q4 2025 revenue declined 7.48% YoY and net profit dropped 21.26% YoY, indicating the fundamental turnaround is not yet confirmed.

China Nonferrous Mining (1258.HK) opened at HK$15.02 and retreated sharply during the morning session, tumbling to an intraday low of HK$14.38, down 24.5% from its 52-week high of HK$19.05. The current price of HK$14.38 has fallen below the 20-day moving average (HK$14.692) but remains above the 60-day MA (HK$13.734). Despite the company's H1 2026 profit guidance of ~US$420 million (up ~60% YoY), the latest Q4 2025 report showed revenue declined 7.48% YoY to HK$6.49 billion and net profit dropped 21.26% YoY to HK$548 million, with EPS falling 21.25% to HK$0.1405, signaling a slowdown in earnings momentum. However, the stock is still up 95.38% from its 52-week low and the YTD decline is only 5.39%.

China Nonferrous Mining opened lower and drifted downward, closing at HKD 15.31, down 5.0% from the previous close of HKD 16.12, pressured by weaker copper prices and deteriorating earnings. The stock hit an intraday low of HKD 15.34 (afternoon session at 13:23 BJ), nearly erasing gains from the morning high of HKD 16.03, forming a single-session decline pattern. The H1 profit warning had been priced in, but Q4 2025 net profit fell 21.26% YoY to HKD 548 million, with a net margin of only 8.45%, and revenue dropped 7.48% YoY, underscoring fundamental headwinds. The stock remains 19.63% below its 52-week high of HKD 19.05, yet YTD is up 0.72% and sits above both the 20-day MA (HKD 14.366) and 60-day MA (HKD 13.691), offering near-term technical support. However, HSBC recently raised its target price from HKD 16.0 to HKD 18.6 with a Buy rating, reflecting expectations of a copper price recovery.

China Nonferrous Mining surged during the morning session, hitting an intraday high of HKD 15.92 before closing at HKD 15.91, up 4.95%. The rally was driven by copper supply concerns and a positive H1 profit alert: the company expects a net profit of approximately US$420 million for the first half of 2026, up around 60% YoY, despite a more than 7% decline in revenue. The stock has now broken above its MA20 (HKD 13.77) and MA60 (HKD 13.64), while remaining 16.5% below the 52-week high of HKD 19.05 and up 4.7% YTD. The PE ratio stands at 19.7x and PB at 3.2x. However, the stock traded sideways after the initial spike, tracking the broader metal sector's volatility and failing to break above the morning high by the session's close.

China Nonferrous Mining opened higher and continued to climb in the morning session, closing at HKD 14.56, up 5.1% from the prior close of HKD 13.85, with an intraday range of approximately 4.5% and a high of HKD 14.50. The rally was primarily driven by a positive H1 profit alert: the company expects attributable profit of about US$420 million, up roughly 60% year-on-year, and announced a final 2025 dividend. Financially, Q4 2025 revenue fell 7.48% YoY to HKD 6.49 billion, net profit dropped 21.26% YoY to HKD 548 million, and operating profit declined 32.43% YoY. However, the current price is still 23.57% below its 52-week high of HKD 19.05, while both the 20-day MA (HKD 12.357) and 60-day MA (HKD 13.431) sit below the stock price, suggesting short-term moving average support is strengthening. HSBC maintained a Buy rating and raised its target price from HKD 18.6, though the metal sector's recent slide on gold price weakness had previously triggered an 8% single-day drop in the stock.