On July 23, CHALCO rose 3.57% in regular trading, trading at HK$8.39/share, with turnover of HK$127 million. The stock continues to attract buying interest following its strong H1 earnings preview and supportive analyst coverage.

CHALCO previously disclosed that it expects H1 attributable net profit of RMB 11.2 billion to RMB 12.2 billion, representing a year-on-year increase of 58% to 73%, marking a record performance for the same period. The company attributed the improvement to its comprehensive cost control measures, stable production management, and enhanced supply chain efficiency.

Bank of America Securities reiterated a Buy rating on CHALCO with an H-share target price of HK$10.5, noting that market concerns over aluminum prices are excessive. The bank highlighted that the current valuation already reflects aluminum prices below RMB 20,000 per tonne, while spot prices remain around RMB 23,000, suggesting healthy profit margins. Separately, JPMorgan increased its stake by approximately 12.69 million shares at around HK$7.41 per share in early July, while BlackRock also added 1.15 million shares at approximately HK$7.59.

(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.)