Jiangxi copper Industry in the afternoon of the rise of the capital call while low absorption

The shares of Jiangxi Copper, which rebounded at the bottom of the market today, Rose 0.3% to HK $13.22 and sold 33.3 million shares after recovering the 4% decline.　　State-HO Capital issued a report that the stock rating from sales to hold, the valuation is reasonable, the target price from HK $7.6 to 13.5 Hong Kong dollars, a small premium than the market price.　　The recent weakness in Jiangxi's copper industry may have been due to a fall in copper futures prices (Shanghai and London copper futures fell 6% and 7% respectively from last week's highs) amid a rebound in the dollar and China's demand may not catch up with supply growth, state-ho capital. The country's capital expects Jiangxi's copper industry to face more pressure in the short term as copper prices may fall further, but the bank advises long-term investors to start taking the low because copper consumption is usually the first to rebound in the recovery because it is widely used in industrial production.