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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.
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,
[Brokerage Focus] Haitong Int'l Raised Chinahongqiao (01378) Target Price by 25% Due to Rising Aluminum Prices, Thickening Company Profits.
King's Financial News | Haitong Int'l issued research reports stating that Chinahongqiao (01378) subsidiary Shandong Hongqiao achieved revenue of 110.07 billion yuan in 24Q1-3, a year-on-year increase of 12.5%, and achieved a net income of 15.75 billion yuan, a year-on-year increase of 141.4%; among them, Q3 achieved revenue of 38.02 billion yuan, a year-on-year increase of 13.9%, a quarter-on-quarter increase of 2.0%, and achieved net income of 5.96 billion yuan, a year-on-year increase of 38.0%, and a quarter-on-quarter increase of 9.4%. The bank stated that the increase in aluminum prices has thickened the company's profits. Aluminum: affected by the shortage of Australian natural gas supply.
Express News | Tianfeng Securities: The super macro boot hits the ground, continuing to be bullish on the colored and cyclical sector.
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