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| HSI1 | 23,446.34 | +110.06 | 257.13B |
| HSCEI1 | 7,773.67 | +14.31 | 71.88B |
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2026-06-18 11:32:31 Since the outbreak of the Middle East war, Chinese aluminum stocks have been amid selloff, Citi said in a research report. Share prices of CHALCO (02600.HK) and CHINAHONGQIAO (01378.HK) have lagged behind relevant commodity prices, which the broker attributed to investor concerns over feeble demand amid elevated energy prices, as well as market capital flowing into AI-related tech sectors. Investors are also concerned about increased supply from Indonesia and China, but Citi viewed such worries overdone. It expected aluminum prices and corporate margins to remain at relatively high levels for an extended period. Strong FCF will continue to support dividend distributions and share buybacks. The recent share price weakness provides a buying opportunity. Citi maintained its Buy rating on CHALCO H shares and CHINAHONGQIAO, with TPs of HKD17.08 and HKD48, respectively. ~ AASTOCKS Financial News Website: www.aastocks.com | |