On July 23, CHINAHONGQIAO rose 3.28% in regular trading, trading at HK$23.9/share, with turnover of HK$199 million.
The aluminum sector continued to strengthen broadly, with CHALCO up 5.05% and CHUANGXIN IND up 2.91%. On the news front, the company previously issued a positive profit alert, forecasting H1 net profit growth of approximately 39% year-over-year, primarily driven by higher aluminum alloy product sales prices.
Bank of America Securities noted that the implied Q2 attributable net profit grew approximately 20% quarter-over-quarter, indicating accelerating earnings momentum. UBS maintained its Buy rating, projecting an attractive dividend yield of 10.7% to 11.5%. Citi also reiterated its Buy rating with a target price of HK$48. The aluminum sector has been recovering steadily after excessive pessimistic expectations were fully digested, with continued capital inflows supporting the upward trend.
(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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