On July 21, MMG Limited rose 4.72% in regular trading, trading at HK$7.69/share, with turnover of HK$47.13 million. The stock continues to gain momentum following broader copper sector strength driven by cooling US inflation data.

On the news front, US June CPI and PPI readings came in below expectations consecutively, causing the probability of a Fed July rate hike to plunge from over 40% to below 20%. The resulting USD weakness has provided support for copper prices, lifting sentiment across the non-ferrous metals sector. Peers including CMOC and Lygend Resources have also strengthened in tandem.

MMG completed a combined financing package exceeding HK$12 billion in late June, after which its share price had fallen over 28% from the pre-placement level of HK$9.74 to a low of HK$6.92, and the current move represents a continued oversold recovery. Institutional research indicates copper stocks are in a phase characterized by low PE multiples coupled with resilient EPS, with August to September expected to be the primary window for valuation repair of mispriced copper equities.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)