On July 22, Chalco (China Aluminum) rose 3.03% in regular trading, trading at HK$8.24/share, with turnover of HK$115 million.

On the news front, the stock was buoyed by a dual catalyst of shareholder and institutional buying. Controlling shareholder Chinalco and its concert parties announced on July 20 a plan to increase their stake via the Shanghai and Hong Kong exchanges by no less than 1 billion yuan and no more than 2 billion yuan, with purchases not exceeding 2% of total share capital, to be executed within 12 months. Additionally, JPMorgan increased its position by approximately 2.08 million shares on July 16 at an average price of HK$7.93 per share, lifting its stake to 6%.

These moves come against a backdrop of strong fundamentals. Chalco guided H1 net profit of 11.2-12.2 billion yuan, representing 58%-73% year-on-year growth, driven by stable production and enhanced cost controls. Multiple brokerages including Morgan Stanley, Bank of America, and Citi have maintained buy ratings, with target prices ranging from HK$9.16 to HK$11.2.

(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.)