No Data
Hong Kong stock market anomaly | Non-ferrous stocks continue to decline, the significant strengthening of the US dollar puts pressure on non-ferrous industrial metals, the consumer boom season slightly lacks momentum.
Non-ferrous stocks continue to decline. As of the time of publication, Aluminum Corporation of China (02600) fell by 8.01%, closing at 5.05 Hong Kong dollars; JL MAG Rare-Earth (06680) fell by 7.72%, closing at 9.09 Hong Kong dollars; CMOC Group Limited (03993) fell by 6.54%, closing at 6.14 Hong Kong dollars.
HSBC: Raised chinahongqiao (01378) target price from HK$14.5 to HK$16.
HSBC Global Research remains bullish on China's aluminum industry in 2025, expecting profit margins to continue to rise. The bank maintains a "buy" rating on Chinahongqiao (01378), with a target price of HK$16.00.
Hong Kong stock market anomaly | Aluminum Corporation of China (02600) falls by over 4% again. The bottleneck issue of aluminum oxide supply is expected to be resolved. Citi believes that poor performance may put pressure on stock prices.
Aluminum Corporation of China (02600) fell more than 4% again, as of the deadline, down 4.74%, at 5.23 Hong Kong dollars, with a turnover of 98.0237 million Hong Kong dollars.
DBS Research raised the target price of chinahongqiao (01378.HK) to 16 yuan and lowered the target price of aluminum Corporation (02600.HK) to 6.4 yuan.
HSBC Research published a report indicating that as the peak season has passed, the supply bottleneck of aluminum oxide will gradually be resolved, and it is expected to face some unfavorable factors in the near term. However, the bank remains bullish on next year's aluminum prices, expecting that marginal profits will continue to rise, and valuations will remain low. HSBC Research pointed out that chinahongqiao (01378.HK) and Chalco (02600.HK) have the strongest fundamentals, but it is expected that supply tensions will value next year, and any disruption could easily turn supply into shortage, leading to price increases. Moreover, demand is closely related to energy transition, which will continue to be the focus of ongoing economic stimulus measures.
Hong Kong stock concept tracking | Aluminum oxide prices continue to soar. Association speaks out: There are irrational factors in the trend. How to view the future market? (With concept stocks)
Gu Fengda, chief color analyst at Guosen Futures, said he expects aluminum oxide futures prices to return to a pattern of fluctuations around spot prices.
Aluminum stocks weakened, Aluminum Corporation of China (02600) fell by 4.91%, the Nonferrous Metals Industry Association stated that there are irrational factors in the trend of aluminum oxide prices.
Jingu Finance | Aluminum stocks weakened. As of the time of publication, Aluminum Corporation of China (02600) fell by 4.91%, Chinahongqiao (01378) fell by 2.34%, and Xingfa Alum (00098) fell by 1.36%. On the news front, a relevant person in the China Nonferrous Metals Industry Association responded to questions from reporters about the current aluminum oxide market: We believe that there are irrational factors in the trend of aluminum oxide prices, and there is obvious excessive speculation by capital. Based on current costs and price calculations, the average profit of the aluminum oxide industry exceeds 2000 yuan per ton, which is unsustainable and should not continue. First, we hope that all parties will respect the market, comply with the rules,
No Data
No Data