On July 14, Chalco (China Aluminum) rose 3.86% in regular trading, trading at HKD 7.76/share, with turnover of HKD 144 million.
On the news front, the company disclosed its H1 earnings forecast on July 13, projecting attributable net profit of RMB 11.2 billion to RMB 12.2 billion, representing a 58% to 73% year-over-year increase and marking a record high for the same period. The company attributed the performance improvement to its comprehensive cost control system and enhanced supply chain management. Basic EPS is expected at RMB 0.653 to RMB 0.711.
Meanwhile, BlackRock increased its stake by 1.15 million shares at approximately HKD 7.59 per share on July 13. Earlier, JPMorgan added approximately 12.69 million shares on July 2 at HKD 7.41, raising its holding to 6.04%. Barclays also crossed the 5% disclosure threshold in late June. Citi maintains a Buy rating with a target price of HKD 17.08, viewing recent weakness as a buying opportunity.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments