MMG Limited
MMG Limited (HKSE: 1208) is trading at HK$8.57, about ₹105 at today's HKD/INR rate, as of 29 Sep 2026, 4:08 AM ET, up 2.88% today. Indian residents can buy MMG from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
HK$8.31
Today's high
HK$8.64
52 week low
HK$6.21
52 week high
HK$11.96
1208 opened at HK$8.33, closed previously at HK$8.33, and has traded between HK$6.21 and HK$11.96 over the past 52 weeks.
About
MMG Limited operates as an investment holding entity primarily engaged in the discovery, growth, and extraction of a diverse range of base and precious metals. Its portfolio encompasses copper, zinc, gold, silver, molybdenum, cobalt, and lead resources, with operations extending across Australia and various international locations. The company organizes its activities into distinct segments, notably Las Bambas, Kinsevere, Dugald River, Rosebery, and a collection of 'Other' operations. Among its key assets is a 62.5% share in the Las Bambas open-pit mine, which extracts copper and molybdenum in Peru's Apurimac region, Cotabambas. MMG also holds full ownership of the Kinsevere open-pit copper mine, situated in the Haut-Katanga province of the Democratic Republic of the Congo. Further strengthening its global footprint, the company fully controls the Dugald River underground zinc mine, located near Cloncurry in North West Queensland, as well as the Rosebery underground polymetallic base metal mine found on Tasmania's western coastline. Established in 1988 and based in Southbank, Australia, MMG Limited was formerly known as Minmetals Resources Limited until its rebranding in September 2012. It operates as a subsidiary under the umbrella of China Minmetals Corporation.
Key statistics
Avg. volume
51.61M
Market cap
HK$110.03B
P/E Ratio
12.39
Price-to-sales ratio
1.77
Enterprise value
$14.76B
Free cash flow yield
16.56%
Debt-to-equity ratio
0.68
Return on equity
21.98%
ROIC
13.02%
Beta
1.64
Dividend yield
0.00%
Last dividend
HK$0.00
Financial overview
Revenue
$6.23B
Earnings per share
$0.04
Free cash flow
$1.39B
Net profit margin
13.42%
Gross margin
50.17%
EBITDA
$3.45B
Revenue growth
39.02%
Similar securities
This is not an investment recommendation
How to buy MMG from India
Indian residents can buy MMG shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to HKD.
Search for MMG and place an order
Find MMG by name or by its ticker, 1208, and choose an order type. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. MMG trades 7:00 am – 1:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your MMG position in HKD and INR. MMG pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in MMG from India
Trading and taxes when buying MMG from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm HKT
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- NoneMMG does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy MMG stock?
Yes. MMG (1208) has been listed on the Hong Kong Stock Exchange since 2004, in the Copper industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to HKD. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one MMG share cost in rupees?
One MMG share is HK$8.57 — about ₹105 at an HKD/INR rate of 12.25 on 28 Sep 2026. Both the MMG price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying MMG from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
What is the minimum I can buy of MMG?
Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
How are gains on MMG shares taxed in India?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the HKD/INR rate on the purchase and the sale date, so the rupee move counts alongside the MMG price. Paasa issues a capital-gains statement for your return.
Does MMG pay a dividend?
No. MMG does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade MMG from India?
The Hong Kong Stock Exchange trades 7:00 am – 1:30 pm IST in Indian time. It also halts for lunch, 9:30 am – 10:30 am IST. Orders can only execute during that window.
Is MMG a Hong Kong SAR China company, and does that change how it is taxed?
MMG trades on the Hong Kong Stock Exchange in HKD, but the company is domiciled in Australia. MMG trades as an ordinary share listed directly in Hong Kong, not a depositary receipt. Your India-side capital-gains treatment is the same either way.
Do I have to declare MMG shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your MMG holding, its cost and its closing value.
How do I sell MMG and bring the money back to India?
You sell during market hours (7:00 am – 1:30 pm IST) and the proceeds settle in HKD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.