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24323 MB-MRES@EC2507A (CALL)
RT Nominal up0.055 +0.001 (+1.852%)

01/02/2024 16:08

{I-bank focus}BOCI raises MMG (01208) to HKD3.57

[ET Net News Agency, 1 February 2024] BOCI raised the target price for MMG (01208) to
HKD3.57 from HKD3.19 and maintained the "buy" rating.
The research house said it increases forecast loss for 2023 by 20%, expects a small loss
for 2024 and reduces 2025 earnings forecast by 28% after updating output and metal price
forecasts. Despite this, it still expects the company to show improving profitability over
the coming two years. (RC)

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