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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  MMG Limited    1208   HK1208013172

MMG LIMITED

(1208)
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Copper dips on virus fears, U.S stimulus aid uncertainty

10/26/2020 | 10:01pm EST

Oct 27 (Reuters) - Copper prices fell on Tuesday following caution over surging global cases of COVID-19 and the uncertainty around a new U.S stimulus package ahead of the presidential election.

The United States, Russia, France and many other countries set records for daily infections, while a much-awaited U.S. stimulus was yet to be agreed.

Investors also stayed on the sidelines ahead of the U.S. presidential election due on Nov. 3.

Three-month copper on the London Metal Exchange fell 0.1% to $6,777.50 a tonne by 0244 GMT, while the most-traded December copper contract on the Shanghai Futures Exchange declined 0.9% to 51,480 yuan ($7,680.60) a tonne.

FUNDAMENTALS

* LME aluminium rose 0.1% to $1,830 a tonne, while zinc declined 0.3% to $2,531.50 a tonne. ShFE nickel rose 0.3% to 119,250 yuan a tonne and lead advanced 0.7% to 14,415 yuan a tonne.

* Shipments from MMG Ltd's Las Bambas copper mine in Peru have returned to normal after nearly a week of disruption, the company said, even as it slashed its output guidance for the mine in 2020 by more than 10%.

* For the top stories in metals and other news, click or

MARKETS NEWS

* Shares fell across the globe as surging coronavirus cases in Europe and the United States clouded the world economic outlook, boosting the safe-haven dollar.

DATA/EVENTS AHEAD (GMT)

1230 US Durable Goods Sept

1400 US Consumer Confidence Oct

PRICES

Three month LME copper

Most active ShFE copper

Three month LME aluminium

Most active ShFE aluminium

Three month LME zinc

Most active ShFE zinc

Three month LME lead

Most active ShFE lead

Three month LME nickel

Most active ShFE nickel

Three month LME tin

Most active ShFE tin

ARBS ($1 = 6.7026 yuan) (Reporting by Mai Nguyen; editing by Uttaresh.V)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
MMG LIMITED 1.25% 3.23 End-of-day quote.38.03%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.00% 6.5155 Delayed Quote.-6.12%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.02% 74.09 Delayed Quote.20.41%
All news about MMG LIMITED
10/26Copper dips on virus fears, U.S stimulus aid uncertainty
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10/26MMG says Las Bambas copper shipments back to normal, cuts 2020 guidance
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08/03MMG : Las bambas tax update
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07/30MMG : Continuing connected transaction - shipping framework agreement
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Financials (USD)
Sales 2020 3 076 M - -
Net income 2020 -53,2 M - -
Net Debt 2020 7 172 M - -
P/E ratio 2020 -55,6x
Yield 2020 -
Capitalization 3 360 M 3 360 M -
EV / Sales 2020 3,42x
EV / Sales 2021 2,49x
Nbr of Employees 3 238
Free-Float 27,5%
Chart MMG LIMITED
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Technical analysis trends MMG LIMITED
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 0,42 $
Last Close Price 0,42 $
Spread / Highest target 36,3%
Spread / Average Target 0,36%
Spread / Lowest Target -35,0%
EPS Revisions
Managers
NameTitle
Xiao Yu Gao Chief Executive Officer & Executive Director
Wen Qing Guo Chairman
Ross Anthony Carroll Chief Financial Officer
Ji Qing Xu Non-Executive Director
Jian Jiao Non-Executive Director