On July 14, Innovation Industrial rose 11.69% in regular trading, trading at HK$16.53/share, with turnover of HK$116 million. The surge was driven by a sector-wide aluminum rally and the company's recent profit pre-announcement.
On the sector front, aluminum stocks rallied collectively, with CHALCO up 6.92% and China Hongqiao up 4.56%. The company previously issued a profit alert, expecting H1 net profit attributable to shareholders of approximately RMB 2.2 billion to RMB 2.4 billion, representing a year-over-year increase of approximately 154.1% to 177.2%. The significant profit growth was primarily attributable to higher electrolytic aluminum product selling prices, increased green electricity usage reducing production costs, and lower financing costs through optimized debt structure.
Additionally, Morgan Stanley previously raised its target price for the company to HK$39.5, maintaining an Overweight rating, citing the company's overseas capacity expansion in Saudi Arabia, where a 500,000-ton first-phase aluminum project has commenced construction with a target commissioning date in early 2027.
(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.)
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