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<Research>M Stanley Estimates JIANGXI COPPER's Shr Price to Rise in Next 60 Days
Recommend 13 Positive 13 Negative 10 |
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Morgan Stanley has published a research report predicting that JIANGXI COPPER (00358.HK) has a 70-80% chance of rising in the next 60 days. According to the report, since about half of the maritime sulfur is transported through the Strait of Hormuz, any shipping disruption could exert greater pressure on an already tight market. Meanwhile, other regions are facing increased risks due to refinery production cuts caused by crude oil shortages, while the fertilizer industry will compete for limited sulfur supplies. As sulfuric acid is a major by-product of JIANGXI COPPER's copper smelting, JIANGXI COPPER is expected to benefit from the sulfur shortage. Morgan Stanley has given the company an Overweight rating and a target price of HKD75. AAStocks Financial News |
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