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| HSI1 | 25,935.41 | -16.99 | 238.82B |
| HSCEI1 | 9,163.24 | -9.97 | 79.37B |
| Back Zoom + Zoom - Block Traded | |
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2025-11-05 11:11:46 Citi expects CHINAHONGQIAO (01378.HK) to benefit from continued growth in aluminum smelting profit margins. In August, CHINAHONGQIAO's management committed to enhancing shareholder returns through dividends and share buybacks. It also mentioned that the company is seeking more green power supply within China, while maintaining a cautious outlook on the expansion prospects of aluminum capacity in Indonesia. Citi has raised its target price for CHINAHONGQIAO from HKD25.2 to HKD36, with a Buy rating. CHINAHONGQIAO also remains the broker's industry top pick. The aluminum industry is still one of Citi's top picks, given that aluminum industry profit margins are estimated to stay at a higher level as aluminum supply will be tightened by China's capacity cap policy and the lack of explosive capacity expansion in Indonesia. ~ AAStocks Financial News Web Site: www.aastocks.com | |