Guojin Securities: August-September is expected to become the main window for the repairing of copper concept stocks that have been misconstrued.

Guojin Securities research report stated that currently copper concept stocks are in a combination stage of "low PE ratio, high EPS resilience, and unproven commodities", and the market is still pricing copper concept stocks based on the macro valuation framework of the past decade. However, the current non-ferrous sector has entered an EPS-driven cycle, and the reevaluation of the profitability and resource value of the copper sector is not yet over. Guojin Securities predicts that August to September is expected to be the main window for the repair of wrongly killed copper concept stocks, and the probability of a strong rise in prices around the fourth quarter is further increasing. It is recommended to focus on copper resource companies with high copper production, prominent cost advantages, high sensitivity of performance to copper prices, and low valuations.