HK-listed Mongolian Mining hits 2-month high on robust earnings outlook
07/08/2026 03:54
BUZZ-HK-listed Mongolian Mining hits 2-month high on robust earnings outlook ** Shares of Mongolian Mining Corporation 0975.HK jump 16.8% to HK$8.7, their highest level since June 5
** Stock set for the biggest one-day pct gain since September 2, 2025 in the fourth straight rising session
** The coal miner expects to record a consolidated net profit of $100 mln-$110 mln for the first half of 2026, as compared to a consolidated net loss of $19.9 mln the same period a year ago
** The expected profit is driven by higher coal sales, improved prices and commencement of gold mine production, among others - co
** YTD, stock down 20.5%, benchmark Hang Seng Index .HSI down 0.5%
(Reporting by Donny Kwok)
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