Broker: OCBC Group Research
Date of Report: 7 May 2026

Excerpt from OCBC Group Research report.

Report Summary

• Jiangxi Copper Co Ltd (358 HK / 600362 CH):
  • Action: BUY
  • Target Price: HKD 53.40 / CNY 62.70
  • Key Idea: OCBC upgrades the fair value estimate for Jiangxi Copper following strong Q1 2026 results, driven by higher copper, gold, and sulfuric acid prices. The company is well-positioned to benefit from elevated sulfuric acid prices, especially if Middle East tensions persist, which could offset lower refining charges. The recent acquisition of SolGold supports a long-term growth pipeline. OCBC maintains a BUY rating on Jiangxi Copper.

above is an excerpt from a report by OCBC Group Research. Clients of OCBC Group Research can be the first to access the full report from the OCBC website : https://www.ocbc.com