01378 CHINAHONGQIAO
- 11.160
- -0.060-0.53%
CHINAHONGQIAO News
Citibank: The profit margin for aluminum production is expected to remain high for a long time, and the target price of China Hongqiao (01378) will be raised to HK$13.8
The Zhitong Finance App learned that Citi published a research report, gave China Hongqiao (01378) a “buy” rating and raised the target price from HK$11.5 to HK$13.8. Citi believes that due to strong demand and still tight supply, China Aluminum's profit margin may remain high for a longer period of time. Citi updated the model and improved its profit forecast for China's Hongqiao to take into account updated price and cost assumptions. Citi's profit forecast for China's Hongqiao 24E/25E is 29%/36% higher than market expectations, and market expectations are expected to generally rise in the next few months. The further rise in aluminum is also associated with potential
Changes in Hong Kong stocks | China Hongqiao (01378) rose more than 4% in early trading, Shandong Hongqiao's net profit in the first quarter increased by more than 6 times, exceeding previous company guidelines
China's Hongqiao (01378) rose more than 4% in early trading. As of press release, it rose 3.67% to HK$11.3, with a turnover of HK$497.812 million.
Changes in Hong Kong stocks | China Hongqiao (01378) rose nearly 8% in early trading, Shandong Hongqiao's net profit of 4.341 billion yuan in the first quarter increased 629.3% year-on-year
China's Hongqiao (01378) rose nearly 8% in early trading. As of press release, it was up 6.17% to HK$11.36, with a turnover of HK$133 million.
China Hongqiao (01378): Shandong Hongqiao's net profit of 4.341 billion yuan in the first quarter increased 629.3% year-on-year
According to the Zhitong Finance App, China Hongqiao (01378) announced the results of the subsidiary Shandong Hongqiao from January to March 2024. The group achieved operating revenue of 34.763 billion yuan (RMB, same below) during the period, an increase of 6.07% over the previous year; net profit of 4.341 billion yuan, an increase of 629.3% over the previous year.
China Hongqiao Group Limited's (HKG:1378) 26% Jump Shows Its Popularity With Investors
Despite an already strong run, China Hongqiao Group Limited (HKG:1378) shares have been powering on, with a gain of 26% in the last thirty days. The last 30 days bring the annual gain to a very sha
Hong Kong Stock Concept Tracking | Leading Companies Expect to Benefit from Higher Aluminum Prices by Accelerating the Removal of Electrolytic Aluminum (with concept stocks)
The person in charge of an electrolytic aluminum factory in Longkou City, Shandong Province, told the reporter that recently there have been strong orders for aluminum ingots at the factory, and quite a few new customers have come to place orders.
Changes in Hong Kong stocks | China's Hongqiao (01378) rose more than 4% at the end of the session, breaking the stage, and Xinhao aluminum prices fluctuated at a high level
The Zhitong Finance App learned that China's Hongqiao (01378) rose more than 4% at the end of the session, reaching a new high of HK$10.84. As of press release, it rose 4.05% to HK$10.8, with a turnover of HK$570 million. According to the news, today, Shanghai Metal Network's spot aluminum ingots were reported at 20290-20,330 yuan/ton, with an average price of 20,310 yuan/ton, up 200 yuan/ton from the previous trading day. Bank of America Securities previously stated that it is optimistic about aluminum prices and expects China's aluminum demand to increase by 2% in 2024. The target price was raised from HK$8.5 to HK$11.5 for China's Hongqiao “buy” rating. It is expected that its aluminum industry
Everbright Securities: Electrolytic aluminum is gradually being incorporated into the carbon market, and hydroelectric aluminum, recycled aluminum, and high-end anodes are expected to benefit
Electrolytic aluminum is gradually being incorporated into the national carbon market.
Analysts Have Conflicting Sentiments on These Materials Companies: Adriatic Metals Plc (GB:ADT1), 29metals Ltd. (AU:29M) and China Hongqiao Group Ltd. (HK:1378)
Changes in Hong Kong stocks | The collective rebound of non-ferrous stocks in early trading, agencies say the upward factors have loosened but there have been no fundamental changes
Non-ferrous stocks rebounded collectively in early trading. As of press release, China's Hongqiao (01378) rose 6.19% to HK$10.3; Zijin Mining (02899) rose 3.43% to HK$16.9; Jiangxi Copper (00358) rose 3.4% to HK$15.82; and China Aluminum (02600) rose 3.36% to HK$4.92.
Changes in Hong Kong stocks | Demand resilience for electrolytic aluminum significantly exceeded expectations, China Hongqiao (01378) rose more than 4%, and China Aluminum (02600) is now up nearly 3%
The Zhitong Finance App learned that aluminum stocks generally rose in early trading. As of press release, China's Hongqiao (01378) rose 2.97% to HK$10.02; China Aluminum (02,600) rose 2.57% to HK$5.18. CITIC Securities said that the current resilience of demand for electrolytic aluminum has significantly exceeded expectations. Construction of construction profiles has not declined significantly. Construction of industrial profiles and cables is at a new high level in the same period in recent years, and sheet foil production has increased slightly year-on-year and is expected to continue to improve. The apparent decline in inventory under short-term supply shocks verifies the resilience of demand. It is expected that although there will still be an increase in the supply of electrolytic aluminum during the year, the growth rate will decline. In summary, pre
These 4 Measures Indicate That China Hongqiao Group (HKG:1378) Is Using Debt Reasonably Well
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' It's only natural to co
中國宏橋：2023年年報
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).
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
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.
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.
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.
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
Hong Kong Stock Concept Tracking | Aluminum prices recorded the biggest increase since at least 1987, and capital flowed into the non-ferrous metals sector in the short term (with concept stocks)
Aluminum prices recorded their biggest increase since at least 1987.
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