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<Research>CMBI Adds CGN MINING (01164.HK) TP to $2.61 as New Pricing Framework Agreement Surprises
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CGN MINING (01164.HK) entered into a new pricing framework agreement with its parent company for 2026 to 2028, CMBI released a research report saying. Under the new mechanism, the fixed pricing component (per pound of natural uranium) will be adjusted to US$94.22 in the first year, with an annual increase of 4.1% in 2027 and 2028, significantly higher than the current mechanism, a surprise to the market and helping to alleviate major concerns about pricing mechanism uncertainties. The broker raised its 2026-2027 earnings forecasts for CGN MINING by 17%/ 23%, respectively. Therefore, CMBI corresponding added its target price from $2.18 to $2.61, with rating kept at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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