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MMG
(OTC:1208)
MMG (1208) vs. iShares MSCI Hong Kong ETF (EWH)
MMG Business Overview & Revenue Model
MMG Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 4.48B | 4.35B | 3.25B | 4.25B | 3.03B | Gross Profit |
| 2.13B | 1.51B | 1.56B | 2.64B | 1.39B | EBIT |
| 2.07B | 1.46B | 729.50M | 1.71B | 426.80M | EBITDA |
| 2.05B | 1.50B | 1.51B | 2.58B | 1.32B | Net Income Common Stockholders |
| 161.90M | 9.00M | 172.40M | 667.10M | -64.70M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 192.70M | 447.00M | 372.20M | 1.26B | 192.70M | Total Assets |
| 14.99B | 11.90B | 12.54B | 13.02B | 12.30B | Total Debt |
| 4.78B | 4.85B | 5.55B | 6.43B | 7.33B | Net Debt |
| 4.58B | 4.81B | 5.18B | 5.17B | 7.14B | Total Liabilities |
| 8.71B | 7.59B | 8.31B | 9.10B | 9.63B | Stockholders Equity |
| 3.42B | 2.12B | 2.14B | 1.93B | 936.40M |
| Cash Flow | Free Cash Flow | |||
| 706.70M | 1.06B | 267.60M | 1.98B | 843.60M | Operating Cash Flow |
| 1.61B | 1.85B | 832.10M | 2.55B | 1.36B | Investing Cash Flow |
| -2.97B | -790.00M | -538.70M | -573.70M | -515.80M | Financing Cash Flow |
| 1.10B | -985.10M | -1.18B | -915.20M | -867.20M |
MMG Technical Analysis
MMG Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $70.19B | 6.79 | 9.58% | 4.49% | -2.20% | 0.46% | |
79 Outperform | $170.08B | 8.80 | 22.95% | 2.48% | 12.14% | 53.33% | |
75 Outperform | HK$532.46B | 13.04 | 27.63% | 1.60% | 3.41% | 60.46% | |
72 Outperform | €25.40B | 8.07 | 19.19% | 3.94% | 5.48% | 38.91% | |
70 Outperform | HK$72.44B | 43.71 | 11.20% | 0.27% | 35.04% | 102.30% | |
69 Neutral | $40.43B | 29.04 | 5.84% | ― | 2.70% | 1493.33% | |
51 Neutral | $2.04B | -1.15 | -21.24% | 3.95% | 2.91% | -30.44% |
MMG Corporate Events
MMG Limited has entered into a Supply Agreement with MCC TianGong Group for the procurement of 1,200 cabin houses as part of the early works for the Khoemacau expansion project. This agreement, valued at $7.65 million, is considered a connected transaction due to the relationships between the involved parties. The agreement was reached after a competitive bidding process and is deemed to be on fair commercial terms, benefiting the company’s shareholders by ensuring the necessary infrastructure for the project’s development.
The most recent analyst rating on (HK:1208) stock is a Buy with a HK$3.50 price target. To see the full list of analyst forecasts on MMG stock, see the HK:1208 Stock Forecast page.
MMG Limited announced that all resolutions proposed at its Annual General Meeting (AGM) held on May 22, 2025, were approved by shareholders. The resolutions included the re-election of directors, authorization for the board to fix directors’ remuneration, appointment of Deloitte Touche Tohmatsu as the company’s auditor, and granting of mandates for the issuance and repurchase of shares. The successful passing of these resolutions reflects strong shareholder support and positions the company to continue its strategic initiatives effectively.
The most recent analyst rating on (HK:1208) stock is a Buy with a HK$3.50 price target. To see the full list of analyst forecasts on MMG stock, see the HK:1208 Stock Forecast page.
MMG Limited reported its first-quarter production results for 2025, highlighting significant increases in copper production, particularly at Las Bambas, which saw a 71% rise compared to the previous year. However, the company faced declines in zinc, lead, and molybdenum production across several sites, with cobalt production ceasing entirely at Kinsevere. These results indicate a mixed performance, with strong copper output potentially bolstering MMG’s market position, while declines in other minerals may pose challenges for the company’s operational balance and stakeholder expectations.
MMG Limited has announced its upcoming annual general meeting scheduled for May 22, 2025, where key agenda items include reviewing the audited financial statements for 2024, re-electing directors, and appointing Deloitte Touche Tohmatsu as the auditor. Additionally, shareholders will consider a resolution to authorize the board to issue additional shares, which could impact the company’s capital structure and market positioning.
MMG Limited has announced the closure of its register of members from May 19 to May 22, 2025, during which no share transfers will be registered. This closure is to determine shareholders’ eligibility to attend and vote at the annual general meeting scheduled for May 22, 2025, highlighting the company’s procedural steps in corporate governance.
MMG Limited has entered into the Dugald River Zinc Concentrate Sale Agreement with Minmetals North-Europe, a subsidiary of its controlling shareholder CMC, marking it as a connected transaction under Hong Kong’s Listing Rules. The agreement involves the sale of approximately 10,000 dry metric tonnes of zinc concentrate, valued at around US$13 million, with terms negotiated at arm’s length and consistent with market practices. This transaction reinforces MMG’s business operations by maintaining its market-aligned sales strategy and strengthening its relationship with the CMC Group.
MMG Limited has announced significant leadership changes effective April 2025. Mr. Cao Liang will resign as CEO to take on a senior executive role at China Minmetals Non-ferrous Metals Co., Ltd., while remaining on MMG’s board as a Non-executive Director. Mr. Zhao Jing Ivo will succeed him as CEO and Executive Director, bringing nearly 20 years of international management experience in the mining sector. These changes are expected to impact MMG’s strategic direction and stakeholder relations, given Mr. Zhao’s extensive background in sustainability and corporate affairs.
MMG Limited has announced an updated list of its board of directors effective from April 12, 2025. The board comprises executive, non-executive, and independent non-executive directors, with Mr. Zhao Jing Ivo serving as the Chief Executive Officer. The company has also detailed the membership of its two board committees, which focus on audit and risk management, as well as governance, remuneration, nomination, and sustainability. This update reflects MMG’s commitment to structured governance and strategic oversight, potentially impacting its operational efficiency and stakeholder confidence.