On September 9, CHINAHONGQIAO rose 3.15% in regular trading, trading at HK$24.26/share, with turnover of HK$372 million. The rally was driven by a wave of bullish research coverage from major investment banks, compounded by ongoing aluminum inventory destocking.

On the brokerage front, UBS maintained a Buy rating with a target price of HK$36.8, highlighting stable earnings, low valuation, and attractive shareholder returns. BOCI set a target price of HK$40.71, identifying high dividend yield as the core investment thesis. Bank of America also maintained a Buy rating with a HK$30 target, while Jefferies and Deutsche Bank echoed bullish sentiment. On the supply side, LME aluminum inventory has fallen below 250,000 tonnes, with domestic spot inventory approaching the 800,000-tonne threshold, reinforcing a structurally tight supply outlook that is expected to support aluminum prices toward the 24,500-25,000 yuan/tonne range.

CHINAHONGQIAO reported H1 net profit attributable to shareholders of RMB17.21 billion, up 39.2% year-over-year, with gross margin expanding to 31.5%. The stock currently trades at approximately 6x PE with a dividend yield of around 10%. Within the Aluminum sector, CHALCO rose 1.42%, CHUANGXIN IND rose 2.55%, NANSHAN AL INTL rose 3.23%, XINGFA ALUM fell 1.33%, and RUSAL rose 1.01%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)