Movement Alert|CHINAHONGQIAO Rises 3.06% in Regular Trading, Deutsche Bank Resumes Coverage with Buy Rating and 33 HKD Target

Market Focus08-07

On August 7, CHINAHONGQIAO rose 3.06% in regular trading, trading at 24.32 HKD/share, with turnover of 8.02 billion HKD.

On the news front, Deutsche Bank recently resumed research coverage on CHINAHONGQIAO, one of the world's largest aluminum groups, assigning a Buy rating with a target price of 33 HKD, implying approximately 36% upside from the current price. The bank highlighted that after two decades of rapid expansion, the company has entered a mature operating phase and is approaching a significant free cash flow inflection point. Deutsche Bank projects cumulative shareholder returns exceeding 60% of the current market capitalization over the next five years through dividends and share buybacks.

Additionally, Deutsche Bank expects the aluminum market to experience a supply deficit in H2, with aluminum prices potentially recovering to around $3,300/ton in Q4, with further upside risk if Middle East geopolitical tensions escalate. The company previously issued a positive profit alert forecasting H1 net profit growth of approximately 39% year-over-year, driven by higher aluminum alloy selling prices.

(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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