{
 "as_of": "2026-11-04",
 "cmr": "hk-cm-kg/HKEX/01208",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# MMG (Main Board: 01208) — research page\n\nAs of 2026-11-04 · hk-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is MMG, listed on the Main Board of HKEX under ticker 01208, ISIN HK1208013172. The LEI is not on the record. Its security type is Corporate. Segment, sector and jurisdiction are not on the record. Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 84 filings on 51 filing days in the window 2025-11-04 to 2026-11-04. The median gap between filing days is 6.0 days. The latest filing is dated 2026-11-03, one day before the record date 2026-11-04, and is of type monthly_return. For the Main Board the record holds 2,472 issuers, a median of 46.0 filings, a median cadence gap of 9.0 days and a median latency of 2.0 days. Sector peer figures are not on the record for this market.\n\n## Auditor\n\nThe auditor of record is Deloitte Touche Tohmatsu; its location is not on the record. Auditor changes are not on the record, as the register has no lifecycle type map yet.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, as the register has no lifecycle type map yet. The halt flag shows listed, not halted.\n\n## Orderability\n\nThe outcome is not determinable: the chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/hk/suitability-sfc-code-of-conduct-paragraph-5-2/r1, with chapter as of 2026-11-04.\n\n## Coverage\n\nThe record names 16 research houses on the issuer's investor-relations page: Citi, BOCI Research, Goldman Sachs, Morgan Stanley, HSBC, DBS Bank, Jefferies, Citic Securities, Minsheng Securities, Guosen Securities, Huatai Research, Industrial Securities, Tianfeng Securities, China Fortune Securities, China Securities and Northeast Securities.\n\n## Open research\n\nNo openly published research notes were found on the record.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe vintage is not sealed, and no issuer years are sealed. The live record began on 2026-09-12. Years 2021 to 2026 are sealed in the store but not served as of a date; the as-of door answers not_sealed.\n\n## Sources\n\n7 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx (identity.exchange)\n- https://mcp.hk-cm-kg.ai/events/HKEX/01208 (the disclosure lines)\n- https://www.hkex.com.hk/eng/stat/smstat/dayquot/d261104e.htm (the halt flag)\n- https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0421/2026042100582.pdf (the auditor)\n- https://mcp.hk-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.mmg.com/investors/analyst-coverage/ (coverage)\n- https://mcp.hk-cm-kg.ai/record/HKEX/01208 (the record)\n",
 "market": "HK",
 "node": "hk-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": "2026-09-12",
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "6 years are sealed in the HK store; their Replay split is not built, so the as-of door answers not_sealed and the record is the live record as of 2026-11-04",
   "record_version": 1,
   "sealed": false,
   "store_years_sealed_not_served": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ]
  },
  "auditor": {
   "auditor": {
    "read_by": "annual report 2026-04-21 (HKEXnews), Corporate Information, read by Tavily page extraction",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0421/2026042100582.pdf",
    "state": "confirmed",
    "value": "Deloitte Touche Tohmatsu"
   },
   "auditor_firm_id": {
    "market": "HK",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "HK",
    "state": "not_on_record"
   },
   "changes": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "hk-cm-kg/HKEX/01208",
  "coverage": {
   "count": 16,
   "houses": [
    {
     "analyst": "Jack Shang",
     "house": "Citi",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.mmg.com/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Lawrence Lau",
     "house": "BOCI Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.mmg.com/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Joy Zhang",
     "house": "Goldman Sachs",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.mmg.com/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Hannah Yang",
     "house": "Morgan Stanley",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.mmg.com/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Howard Lau",
     "house": "HSBC",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.mmg.com/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Eun Young Lee",
     "house": "DBS Bank",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.mmg.com/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Christopher LaFemina",
     "house": "Jefferies",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.mmg.com/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Junfei Bai",
     "house": "Citic Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.mmg.com/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Yiqing Zhang",
     "house": "Minsheng Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.mmg.com/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Mengluan Liu",
     "house": "Guosen Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.mmg.com/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Zidi Huang",
     "house": "Huatai Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.mmg.com/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Yijia Han",
     "house": "Industrial Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.mmg.com/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Yiting Liu",
     "house": "Tianfeng Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.mmg.com/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Fei Du",
     "house": "China Fortune Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.mmg.com/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Jing Qin",
     "house": "China Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.mmg.com/investors/analyst-coverage/",
     "state": "sourced"
    },
    {
     "analyst": "Zhiqin Zeng",
     "house": "Northeast Securities",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.mmg.com/investors/analyst-coverage/",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.mmg.com/investors/analyst-coverage/",
     "result": "read: 16 of 35 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 2472,
     "median_cadence_gap_days": 9,
     "median_filings": 46,
     "median_latency_days": 2,
     "name": "Main Board"
    },
    "sector": {
     "market": "HK",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "agm_egm": 8,
    "announcement": 41,
    "annual_report": 1,
    "circular": 10,
    "constitutional_document": 1,
    "director_change": 4,
    "documents_on_display": 1,
    "interim_report": 1,
    "monthly_return": 14,
    "next_day_disclosure": 1,
    "results": 2
   },
   "cadence_median_gap_days": 6,
   "filing_days": 51,
   "filings": 84,
   "latency_days": 1,
   "latest": [
    {
     "category": null,
     "date": "2026-11-03",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1103/2026110301398.pdf",
     "title": "MONTHLY RETURN OF EQUITY ISSUER ON MOVEMENTS IN SECURITIES FOR THE MONTH ENDED 31 OCTOBER 2026",
     "type": "monthly_return"
    },
    {
     "category": null,
     "date": "2026-11-03",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1103/2026110300395.pdf",
     "title": "VOLUNTARY ANNOUNCEMENT - ACQUISITION OF ANGLO AMERICAN NICKEL BUSINESS",
     "type": "announcement"
    },
    {
     "category": null,
     "date": "2026-10-29",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1029/2026102900434.pdf",
     "title": "POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 29 OCTOBER 2026",
     "type": "agm_egm"
    },
    {
     "category": null,
     "date": "2026-10-14",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1014/2026101400500.htm",
     "title": "Documents on Display",
     "type": "documents_on_display"
    },
    {
     "category": null,
     "date": "2026-10-14",
     "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/1014/2026101400477.pdf",
     "title": "NOTIFICATION LETTER AND REPLY FORM TO NON-REGISTERED SHAREHOLDERS",
     "type": "circular"
    }
   ],
   "latest_filing_date": "2026-11-03",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.hk-cm-kg.ai/events/HKEX/01208",
   "window": {
    "from": "2025-11-04",
    "to": "2026-11-04"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "Main Board"
   },
   "isin": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "HK1208013172"
   },
   "jurisdiction": {
    "market": "HK",
    "reason": "no LEI record",
    "state": "not_on_record"
   },
   "lei": {
    "market": "HK",
    "reason": "ISIN not in the GLEIF mapping file (no name route on this node: no search layer by order)",
    "state": "not_on_record"
   },
   "name": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "MMG"
   },
   "sector": {
    "market": "HK",
    "reason": "HKEX publishes the industry classification per issuer on its website pages, not in the List of Securities (no page reads by order)",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "market": "HK",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "01208"
   },
   "website": {
    "market": "HK",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "HK",
  "node": "hk-cm-kg",
  "numbers_hash": "sha256:81da8e2bf0780f8c543b75fc6be0d42f6beb0cd7e0d76887e1e3c5fc277b839f",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://mcp.hk-cm-kg.ai/book/aio.json",
    "door": "https://mcp.hk-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/hk/suitability-sfc-code-of-conduct-paragraph-5-2/r1",
   "section": "hk.aio.v6"
  },
  "record": {
   "as_of": "2026-11-04",
   "url": "https://mcp.hk-cm-kg.ai/record/HKEX/01208",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-04",
   "source": "https://www.hkex.com.hk/eng/stat/smstat/dayquot/d261104e.htm",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:81da8e2bf0780f8c543b75fc6be0d42f6beb0cd7e0d76887e1e3c5fc277b839f",
 "path": "/hk/HKEX/01208",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is MMG, listed on the Main Board of HKEX under ticker 01208, ISIN HK1208013172. The LEI is not on the record. Its security type is Corporate. Segment, sector and jurisdiction are not on the record. Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 84 filings on 51 filing days in the window 2025-11-04 to 2026-11-04. The median gap between filing days is 6.0 days. The latest filing is dated 2026-11-03, one day before the record date 2026-11-04, and is of type monthly_return. For the Main Board the record holds 2,472 issuers, a median of 46.0 filings, a median cadence gap of 9.0 days and a median latency of 2.0 days. Sector peer figures are not on the record for this market.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is Deloitte Touche Tohmatsu; its location is not on the record. Auditor changes are not on the record, as the register has no lifecycle type map yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, as the register has no lifecycle type map yet. The halt flag shows listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is not determinable: the chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/hk/suitability-sfc-code-of-conduct-paragraph-5-2/r1, with chapter as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The record names 16 research houses on the issuer's investor-relations page: Citi, BOCI Research, Goldman Sachs, Morgan Stanley, HSBC, DBS Bank, Jefferies, Citic Securities, Minsheng Securities, Guosen Securities, Huatai Research, Industrial Securities, Tianfeng Securities, China Fortune Securities, China Securities and Northeast Securities.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found on the record.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The vintage is not sealed, and no issuer years are sealed. The live record began on 2026-09-12. Years 2021 to 2026 are sealed in the store but not served as of a date; the as-of door answers not_sealed.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "7 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.hk-cm-kg.ai/events/HKEX/01208"
  },
  {
   "for": "the halt flag",
   "source": "https://www.hkex.com.hk/eng/stat/smstat/dayquot/d261104e.htm"
  },
  {
   "for": "the auditor",
   "source": "https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0421/2026042100582.pdf"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.hk-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.mmg.com/investors/analyst-coverage/"
  },
  {
   "for": "the record",
   "source": "https://mcp.hk-cm-kg.ai/record/HKEX/01208"
  }
 ],
 "title": "MMG (01208) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}