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MarketScreener Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  CHIA MOLY    603993   

CHIA MOLY (603993)
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China Molybdenum Luoyang : CMOC forecasts annual net profit to rise 170-190%

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01/30/2018 | 11:40pm EST

[ET Net News Agency, 31 January 2018] China Molybdenum (CMOC) (03993) said it estimates the net profit attributable to equity holders for 2017 will increase by an amount between Rmb1.7 billion and Rmb1.9 billion, representing an increase between 170.33% and 190.37% as compared with 2016.

Such expected increase is mainly attributable to the following two reasons: In 2016, CMOC successfully acquired the niobium and phosphorus minerals business in Brazil and the copper and cobalt minerals business in Congo (DRC) (overseas M&A projects). The acquisition of the overseas M&A projects were completed respectively on 1 October 2016 and 17 November 2016 and their financial statements were consolidated into the financial account of CMOC respectively afterwards. Hence, the 2017 annual results of CMOC had included the full-year results of the overseas M&A projects in 2017 and the consolidation period was prolonged as compared with the same period of 2016. In 2017, the market prices of the major metal products of CMOC, namely copper, cobalt, molybdenum and tungsten, increased significantly as compared with the market prices of the same period of 2016 and enhanced its profitability. (HL)

(c) 2018 2017 ET Net Limited. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (CNY)
Sales 2018 27 462 M
EBIT 2018 10 197 M
Net income 2018 5 523 M
Finance 2018 2 825 M
Yield 2018 2,72%
P/E ratio 2018 15,18
P/E ratio 2019 13,81
EV / Sales 2018 2,74x
EV / Sales 2019 2,38x
Capitalization 78 067 M
Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 5,41  CNY
Spread / Average Target 40%
EPS Revisions
Managers
NameTitle
Fa Ben Li CEO, General Manager & Executive Director
Chao Chun Li Chairman & Joint Secretary
You Min Kou Chairman-Supervisory Board
Mei Feng Gu Chief Financial Officer
Zhen Hao Zhang Member-Supervisory Board
Sector and Competitors
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CHIA MOLY14.10%11 503
GMK NORIL'SKIY NIKEL' PAO--.--%31 674
SOUTHERN COPPER CORP3.38%24 591
CHINA MOLYBDENUM2.66%11 503
SUMITOMO METAL MINING CO., LTD.10.16%8 392
BOLIDEN11.34%6 486