Earnings Alerts

China Molybdenum Co Ltd H (3993) Earnings Skyrocket: 1H Net Income Surges to 5.42B Yuan from 703.1M Yuan Y/Y

  • CMOC Group’s net income for the first half of 2024 is 5.42 billion yuan, compared to 703.1 million yuan in the same period last year.
  • Revenue increased by 19% year-over-year, reaching 102.82 billion yuan.
  • Earnings per share (EPS) climbed to 25 RMB cents from 3.0 RMB cents year-over-year.
  • In terms of stock recommendations:
    • 14 buys
    • 1 hold
    • 0 sells

China Molybdenum Co Ltd H on Smartkarma



Analyst coverage on China Molybdenum Co Ltd H on Smartkarma by Brian Freitas indicates a bullish sentiment. In his report titled “FXI Rebalance Preview: Cutoff Today; Two Changes Likely in June,” Freitas predicts two changes for the FXI in June. Today marks the price cutoff, potentially leading to movement in stock names. One addition and one deletion are expected, with a focus on high shorts and excess volume. Freitas suggests that there will be more than 1x average daily volume (ADV) for buying on one of the additions and nearly 5x ADV for selling on one of the deletions. Market positioning is evident across potential changes, with particular interest in one of the additions and deletions.

Investors looking for insights on China Molybdenum Co Ltd H can benefit from Brian Freitas‘ analysis on Smartkarma, where top independent analysts publish research reports. With a bullish view on the FXI rebalance, Freitas’ report hints at upcoming changes in June, highlighting specific criteria for additions and deletions. This coverage provides valuable information for investors seeking to understand the potential movements within the iShares China Large-Cap (FXI) and make informed decisions based on the evolving market dynamics.



A look at China Molybdenum Co Ltd H Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth5
Resilience3
Momentum4
OVERALL SMART SCORE3.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

China Molybdenum Co.,Ltd. stands strong in the long-term outlook, as indicated by its smart scores. With a high Growth score of 5, the company is poised for significant development and expansion opportunities in the future. Coupled with a Momentum score of 4, indicating positive market sentiment and price trends, China Molybdenum seems to be on a path of steady progress.

Moreover, the company also presents a promising outlook in terms of dividends, with a score of 4, suggesting that investors can potentially benefit from a consistent income stream. While the Value and Resilience scores stand at 3, implying moderate performance in these aspects, the overall smart scores paint a favorable picture for China Molybdenum Co.,Ltd. as it continues its mineral mining and exploration operations globally.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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