Citigroup: Conducting a 30-day positive catalyst observation on Jiangxi Copper Company Limited (00358.HK) with a rating of "Buy" and a target price of HKD 49.5.

According to the Zhito Finance APP, Citigroup has released a research report stating that it will conduct a 30-day positive catalyst observation on Jiangxi Copper Co., Ltd. (00358.HK), expecting that the stock price will benefit from rising copper prices. The bank maintains a "Buy" rating for the company, with a target price of HK$49.5 for its H-shares. The bank's team holds a constructive outlook on the copper price prospects for the coming weeks, noting signs of tightening in the physical market in China. It is anticipated that copper prices will reach $14,500 per ton within the next three months, with a year-end target price of $15,000 per ton. The bank estimates that a 10% increase in copper prices will lead to an 8% rise in Jiangxi Copper's net profit by 2026.