UBS Foresees CHALCO Meeting Q1 Profit Expectations, Reiterates Buy Rating

Deep News10:40

UBS has released a research report indicating that Aluminum Corporation of China Limited (CHALCO) (02600) is expected to report a net profit between 5.3 billion and 5.6 billion yuan for the first quarter of 2026. This represents a year-on-year increase of 50% to 58%, aligning with the institution's forecasts and accounting for approximately 21% to 22% of its full-year profit projection of 25.3 billion yuan. UBS anticipates that the market's response to CHALCO's positive earnings alert will be relatively measured or even favorable, as the company is set to achieve its strongest quarterly performance on record. The firm has reaffirmed its "Buy" rating on CHALCO, with a target price of HK$17.5.

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