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00975 MONGOL MINING
RTNominal up5.600 +0.200 (+3.704%)
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12/03/2014 17:42

[I-bank focus]HSBC raises Mongol Mining (00975) to HK$1.1

[ET Net News Agency, 12 March 2014] HSBC Research raised its target price for Mongolian
Mining Corp (MMC)(00975) to HK$1.1 from HK$0.89, and upgraded the stock to "overweight"
from "neutral".
The research house said MMC's 2013 results were hurt by weaker prices and higher finance
costs, but revealed effective cost management.
HBSC lowered its net loss estimates for 2014 by US$48m to a net loss of US$50m, and
raised its 2015 earnings estimate from a loss of US$16m to a gain of US$16m to primarily
factor in lower cost of sale, partially offset by lower coking coal prices. (KL)

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