Movement Alert|CHALCO Falls 3.07% in Regular Trading, Aluminum Sector Under Broad Selling Pressure Amid Foreign Institutional Reduction

Market Focus08-03

On August 3, CHALCO fell 3.07% in regular trading, trading at HKD 8.195/share, with turnover of HKD 146 million. The aluminum sector came under broad pressure, with China Hongqiao down 6.68% and Chuangxin Industrial down 4.49%.

On the news front, JPMorgan reduced its holdings in CHALCO by approximately 8.919 million shares at end of July at around HKD 8.59 per share, while BlackRock trimmed its stake from 11.36% to 10.96%, intensifying short-term selling pressure from foreign institutions. Despite the company guiding first-half net profit attributable to shareholders of RMB 11.2 billion to 12.2 billion, representing 58% to 73% year-over-year growth, and the controlling shareholder Chinalco Group initiating a RMB 1-2 billion share purchase plan backed by a dedicated ICBC loan facility of up to RMB 1.8 billion, the stock has still declined over 25% year-to-date, reflecting an unresolved divergence between strong earnings momentum and depressed valuation.

(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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