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<Research>G Sachs Upgrades MMG to Buy, Downgrades CHINA COAL to Neutral
Recommend 114 Positive 197 Negative 109 |
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Goldman Sachs issued a research report lowering its forecasts for steel, coal, cement, lithium and paper stocks, and raising its expectations for aluminum and copper. Goldman Sachs downgraded CHINA COAL (01898.HK)'s H-shares to Neutral, and upgraded MMG (01208.HK) to Buy. The table below summarizes Goldman Sachs' latest ratings and target prices for China commodities listed in Hong Kong: Stock│ Rating│ TP ANGANG STEEL (00347.HK)│Neutral│$1.5 MAANSHAN IRON (00323.HK)│Sell│$1.1 CHINA SHENHUA (01088.HK)│Neutral│$30 CHINA COAL (01898.HK)│Buy-> Neutral│$8.5->$8 YANKUANG ENERGY (01171.HK)│Sell│$11 CONCH CEMENT (00914.HK)│Neutral│$14->$14.5 BBMG (02009.HK)│Buy│$1.1->$1 CNBM (03323.HK)│Buy│$6.1->$5.5 CR BLDG MAT TEC (01313.HK)│Sell│$1->$1.1 WESTCHINACEMENT (02233.HK)│Buy│$1.5 CHALCO (02600.HK)│Sell│$3.6->$4.3 CHINAHONGQIAO (01378.HK)│Sell│$7.6->$9.3 JIANGXI COPPER (00358.HK)│Buy│$19.5->$22 MMG (01208.HK)│Neutral-> Buy│$2.35->$3.9 CMOC (03993.HK)│Buy│$8 ZIJIN MINING (02899.HK)│Buy│$19 ZHAOJIN MINING (01818.HK)│Buy│$16->$15.4 GANFENGLITHIUM (01772.HK)│Neutral│$25->$22 TIANQI LITHIUM (09696.HK)│Sell│$23->$22 LEE & MAN PAPER (02314.HK)│Sell│$2.2->$2.1 ND PAPER (02689.HK)│Neutral│$4->$3.5 CHENMING PAPER (01812.HK)│Sell│$1.55->$1.6 AAStocks Financial News |
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