01378 CHINAHONGQIAO
- 12.020
- -0.860-6.68%
CHINAHONGQIAO News
China's Aluminum Sector May See Strong Margin Expansion This Year -- Market Talk
0712 GMT - China's aluminum sector may see strong margin expansion this year, HSBC Global Research analysts write in a note. Aluminum is trading up 10% year to date on the LME, supported by robust dem
Huaan Securities: Aluminum prices rise, China Hongqiao (01378) is likely to see continued growth in performance over the 24 years. First buy rating given.
Huaan Securities predicts that China Hongqiao's net income attributable to parent company for 2024/2025/2026 will be 14.497/16.393 / 18.093 billion yuan.
SDIC Securities: First 'Buy' rating given to chinahongqiao (01378), aluminum industry chain integrated leader expected to enjoy high profit elasticity.
Cinda Securities estimates that the global annual average growth rate of demand for primary aluminum will be approximately 1.65% from 2023 to 2025.
South water sold over 700 million yuan of Bank of Jiangsu, while north water bought nearly 1.8 billion Hong Kong dollars of China Mobile.
Track the latest trends of north-south directional funds.
Beishui Trends | Northbound capital flow had a net buying of CNY 3.4 billion, and China Mobile (00941) dividend yield is expected to gradually increase with domestic funds adding nearly HKD 1.8 billion.
According to the AI Finance and Economics APP, on June 3, the Hong Kong stock market saw a net purchase of 3.4 billion Hong Kong dollars by the Northbound funds. Among them, the net purchase of Hong Kong stock connect (Shanghai) was 1.449 billion Hong Kong dollars, and the net purchase of Hong Kong stock connect (Shenzhen) was 1.951 billion Hong Kong dollars. The individual stocks with the most net purchase by Northbound funds are China Mobile (00941), Chinahongqiao (01378), and China Shenhua Energy (01088). The individual stocks with the most net sales by Northbound funds are Industrial and Commercial Bank of China (01398), China Telecom (00728), and Tencent (00700). Active trading stocks on the Shanghai and Shenzhen Hong Kong stock connects are China Mobile (00941) again.
Changes in Hong Kong stocks | China's Hongqiao (01378) rose more than 4% in the afternoon, global alumina supply is blocked, and the company's sales are expected to continue to grow this year
China's Hongqiao (01378) rose more than 4% in the afternoon. As of press release, it rose 2.95% to HK$1,328, with a turnover of HK$549 million.
Huatai Securities: Optimistic about carbon reduction and transformation or speeding up the concentration of building materials
The bank believes that the release of this action plan is expected to strengthen the regulation of production capacity in the building materials industry, promote the implementation of energy-saving transformation in the building materials and construction industry, and accelerate the integration of photovoltaics in buildings and the construction of large scenic bases. It is recommended to focus on companies related to cement, engineering transformation, and power engineering.
China Hongqiao Cuts Conversion Price of 5.25% Convertible Bonds Following Dividend Announcement
China Hongqiao (HKG:1378) has slashed the per-share conversion price of $300 million of convertible bonds to HK$6.54 from HK$6.82 previously, effective tomorrow, a Thursday filing on the Hong Kong bou
China Hongqiao (01378): The exchange price of 2021 convertible bonds was lowered to HK$6.54 per share
According to the Zhitong Finance App, China Hongqiao (01378) announced that due to the company's dividend declaration, the exchange price of the 2021 convertible bonds will be adjusted from HK$6.82 per share to HK$6.54 per share, effective from May 31, 2024 (that is, the business day immediately following the recorded date relating to the declaration).
Changes in Hong Kong stocks | China's Hongqiao (01378) opens more than 3% higher, energy saving and carbon reduction action plan implemented, alumina prices may be high for a long time
The Zhitong Finance App learned that China's Hongqiao (01378) opened more than 3% higher. As of press release, it rose 3.29% to HK$13.18, with a turnover of HK$208.969 million. According to the news, the State Council issued the “2024-2025 Energy Conservation and Carbon Reduction Action Plan”. Among the key tasks, it is mentioned that the replacement of electrolytic aluminum production capacity is strictly implemented, that additional production capacity is strictly controlled in the smelting of copper, alumina, etc., and rationally allocating additional production capacity in the silicon, lithium, magnesium and other industries. CITIC Securities believes that this plan will help consolidate long-term supply constraints on electrolytic aluminum and improve the pattern of overcapacity industries such as alumina, copper smelting, and lithium salt.
[Hong Kong Stock Connect] China's Hongqiao (01378) raised more than 3%, and its target price increased by 32.5%. Alumina prices are expected to be high for a long time
Jinwu Financial News | The stock price of China Hongqiao (01378) fluctuated and rose. As of press release, it rose 3.39% to HK$12.84, with a turnover of HK$351 million. Morgan Stanley issued a report raising the target price for China's Hongqiao H shares from HK$11.4 to HK$15.1, maintaining an increased investment rating. According to the bank, the global supply of 5.9 million tons of alumina was blocked, which is equivalent to about 10% of the global supply after deducting China. Due to China's need for more imports, the global alumina market is further constrained. The supply of alumina in China and the world is tighter, and alumina prices have been high for a longer period of time. Jinrui Futures said,
Singapore Widens Its Pool of Carbon Credits to Offset Emissions
Companies in Singapore can tap a larger pool of carbon credits to offset up to 5% of their taxable emissions after the city-state signed a bilateral agreement with Ghana.
[Hong Kong Stock Connect] China's Hongqiao (01378) rose more than 3% to a new high, and the agency expects domestic electrolytic aluminum production to peak in 25 years
Jinwu Financial News | China Hongqiao (01378) rose repeatedly in early trading, reaching a high of HK$12.66, a record high. The latest report was HK$12.62, still up 3.1%, with a turnover of HK$70.9932 million. Guojin Securities said that in the context of the red line of domestic production capacity, domestic electrolytic aluminum production is expected to peak in 25, and the production growth rate will decline significantly. The demand-side growth rate is driven by industries such as new energy vehicles, UHV, and photovoltaics, and is expected to maintain steady growth. The supply gap in the electrolytic aluminum sector will gradually expand in 25 years. After the domestic electrolytic aluminum industry is included in the carbon emissions trading market, the supply and demand gap and
China Bauxite, Alumina Shortfall Could Jolt Global Market -- Market Talk
0123 GMT - China's reliance on imported bauxite and alumina is rising, say Morgan Stanley analysts, who reckon the global alumina market is now especially vulnerable to disruptions and could experienc
Changes in Hong Kong stocks | China Aluminum (02600) rose more than 5%, leading aluminum stocks, aluminum market shortfall or may be staged, Rio Tinto previously announced that Australian aluminum supply was blocked
Aluminum stocks generally rose in early trading. As of press release, China Aluminum (02600) rose 5.28% to HK$5.79; China Hongqiao (01378) rose 4.26% to HK$12.24.
[Broker Focus] Huaan Securities first gave China Hongqiao (01378) to “buy” ratings, and the company is expected to benefit from rising aluminum prices
Jinwu Financial News | Huaan Securities released a research report covering China's Hongqiao (01378) for the first time. The company's net profit for 2024/2025/2026 is estimated to be 144.97/163.93/18.093 billion yuan, respectively. The corresponding PE is 6.9/6.1/5.5 times, respectively, giving it a “buy” rating. According to the bank, China's Hongqiao has been involved in the aluminum product business since 2006. Currently, the company has become a complete aluminum industry chain integrating thermoelectricity, mining, aluminum oxide, liquid aluminum alloy, aluminum alloy ingots, aluminum alloy cast and rolled products, aluminum busbars, high-precision aluminum sheet and foil, and new materials
Changes in Hong Kong stocks | Aluminum stocks generally rose, China's Hongqiao (01378) rose more than 3% intraday, and the pattern of tight alumina supply intensified
The Zhitong Finance App learned that aluminum stocks generally rose. As of press release, Xingfa Aluminum (00098) had risen 4% to HK$8.59. China Hongqiao (01378) rose 2.98% to HK$11.76; China Aluminum (02600) rose 0.36% to HK$5.5. According to the news, according to SMM, most of the bauxite mines that have been discontinued in the Shanxi region are still in the integration stage. Some mines are in the process of resuming production, but it is difficult to resume production on a large scale in the short term. It may be difficult to see a significant increase in domestic mine production in May, and it is not yet known when it will usher in a large-scale resumption of production. The Sanmenxia bauxite mine in Henan continues to be discontinued
China Hongqiao Group (HKG:1378) Sheds 4.2% This Week, as Yearly Returns Fall More in Line With Earnings Growth
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on a lighter note, a good company can see its share price rise well over 100%. For instance, the price
Changes in Hong Kong stocks | Tight supply spurred strong alumina prices, China Hongqiao (01378) rose more than 4%, and China Aluminum (02600) rose more than 3%
Aluminum stocks rose again in early trading. As of press release, China's Hongqiao (01378) rose 3.47% to HK$12.24; China Aluminum (02,600) rose 2.81% to HK$5.85; and Rusal (00486) rose 2.26% to HK$2.71.
Hong Kong Stock Concept Tracking | Overnight aluminum prices continued to rise sharply, domestic bauxite supply tension continues (with concept stocks)
Rio Tinto Group announced force majeure factors for alumina shipments from two smelters, Yarwun Smelter in Australia and Queensland Alumina Co., Ltd., saying there was a shortage of natural gas inventory/supply for power generation, and the operating capacity of the two alumina companies fluctuated by 6 million tons (4% of global operating capacity).
Analysis
Price Target
No Data
