Citibank: The profit margin on aluminum production is expected to remain high, and China's Hongqiao is listed as a “preferred stock”

On April 9, Citi held a group meeting with Hongqiao, China (01378).

新浪港股22:26 ET

Citibank: The profit margin on aluminum production is expected to remain high, and China's Hongqiao (01378) is listed as a “preferred stock”

Zhitong Finance learned that on April 9, Citi held a group meeting with China's Hongqiao (01378). Citi released a research report, gave China Hongqiao a target price of HK$11.5 and listed it as a “preferred stock”. Citi believes that while supply is still tight, aluminum profit margins may remain high in China for a longer period of time due to strong demand for photovoltaic installations and new energy vehicles. The further rise in aluminum prices is also related to the manufacturing inventory replenishment cycle, which is likely to begin in FY2024. Citi said that in terms of aluminum production, China's Hongqiao's 2024 aluminum production guide is 6.2 million to 630

Zhitong Finance21:36 ET

Bank of America Securities: Optimistic about aluminum prices, China Hongqiao (01378) raised the target price to HK$11.5

The macroeconomic and energy transition will drive metal prices, and we are still optimistic about copper and gold. It is expected that by 2025, the price of copper will exceed 10,000 US dollars/ton, and the price of gold will exceed 2,500 US dollars/ounce.

Zhitong FinanceApr 16 21:29 ET

CITIC Construction Investment: China's Hongqiao 23H2 performance improved sharply, exceeding expectations and maintaining a “buy” rating

CITIC Construction Investment released a research report stating that maintaining China's Hongqiao (01378) “buy” rating, the company's net profit from 2024-2026 is estimated to be 16.4 billion yuan, 18.7 billion yuan, and 19.3 billion yuan, with EPS of 1.73, 1.97, and 2.04 yuan per share.

新浪港股Apr 16 02:44 ET

Debon Securities: China Hongqiao (01378) has greatly improved its performance in 23 years and continues to maintain a “buy” rating with high dividends

Debon Securities expects China Hongqiao (01378) to achieve net profit of 117, 129, and 13 billion yuan in 24-26.

Zhitong FinanceApr 16 02:35 ET

North and South Water | Nanshui's net purchases exceeded 8.1 billion yuan throughout the day, Maotai received nearly 900 million yuan in fundraising, and Beishui increased its inventory with China Mobile for 8 consecutive days

Track the latest developments in north-south funding

Gelonghui FinanceApr 15 06:11 ET