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00975 MONGOL MINING
RTNominal down8.400 -0.070 (-0.826%)
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23/01/2013 10:41

[I-bank focus]JPM lowers MMC (00975) to "neutral" & HK$4.5

[ET Net News Agency, 23 January 2013] JP Morgan lowered its target price for Mongolian
Mining Corporation (MMC)(00975) to HK$4.5 from HK$5.5, and downgraded the stock to
"neutral" from "overweight".
MMC expects a FY2012 loss, while the stock has enjoyed a 30% rebound from its September
2012 low. However, JPM believes downside may be limited given improving coking coal
markets and MMC's strong leverage to coking coal prices. (KL)

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