A quick look at the Hong Kong market | Hong Kong stocks explode! The Ke Index rose nearly 5%; domestic housing stocks and auto stocks improved, Sunac China rose more than 15%, and Xiaopeng Motors rose nearly 9%
Technet stocks performed brilliantly. Kuaishou rose more than 7%, JD rose nearly 6%; biotech stocks generally rose, Tiger Pharmaceuticals rose more than 8%, and Pharmaceutical Biotech rose nearly 6%.
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.
A quick overview of the Hong Kong market | The Hang Seng Index and China Index rose slightly, domestic housing stocks and coal stocks strengthened, Agile Group rose more than 9%, and South Gobi rose nearly 13%
The trend of science and network stocks was divided. Bilibili rose nearly 2% and Meituan fell nearly 2%; non-ferrous metals stocks generally rose; China Aluminum rose nearly 6%, and China Hongqiao rose nearly 4%.
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)
A quick look at the Hong Kong market | Hong Kong stocks are attacking all over the place! The Tech Index surged nearly 4%, Kuaishou rose more than 8%, and Tencent's stock price reached HK$344
Technology stocks rose sharply. Station B rose nearly 9%, and surged 31.15% before the suspension of trading in Shangtang; domestic housing stocks rose sharply, and Agile Group rose nearly 9%.
Express News | Fitch confirmed China's Hongqiao rating as' BB+ 'and the outlook is stable.
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 | China's Hongqiao (01378) rose by more than 5% during the year, electrolytic aluminum may show a tight balance, and aluminum prices are expected to remain high
The Zhitong Finance App learned that China's Hongqiao (01378) rose by more than 5%. As of press release, it had risen 5.15% to HK$10.2, with a turnover of HK$166 million. According to the news, on April 22, Shanghai Aluminum futures rose again, breaking through 20,500 yuan/ton in the intraday period; Lunan Aluminum rose steadily, breaking through 2670.50 US dollars/ton during the intraday period, close to the previous high. Huatai Futures said that the Russian-aluminum sanctions combined with the current tense situation in the Middle East have greatly disrupted external aluminum prices. Domestic aluminum prices are also strongly affected by this. High prices have suppressed downstream consumption to a certain extent, and the pace of removal of aluminum ingots and aluminum bar stocks is slow. Follow-up
S&P: Confirms China Hongqiao (01378.HK) “BB-” long-term issuer credit rating outlook is “stable”
On April 23, S&P confirmed the stable outlook for China Hongqiao Group Limited (“China Hongqiao” 01378.HK)'s “BB-” long-term issuer credit rating and the “B+” long-term issuance rating for USD-denominated senior unsecured notes issued by the company.
Express News | CICC: External factors and supply clearance bring opportunities to the upstream resource industry, focusing on resource sectors such as gold, petroleum and petrochemicals, and non-ferrous metals
Hongqiao, China (01378.HK): Increased profit per ton combined with increased production performance is expected to increase significantly
Event: On April 19, 2024, China's Hongqiao released its 2023 annual report. In 2023, the company achieved operating income of 133.624 billion yuan, an increase of 1.46% over the previous year; achieved a net profit of 114.61 to mother
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
Express News | CITIC Securities: Demand in the aluminum industry is more resilient than expected, and aluminum prices are expected to run at a high level
中國宏橋:2023年年報
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.
Is 20,000 yuan/ton the key support? The ban on Russian aluminum triggered a “double day of ice and fire” in aluminum prices, and aluminum electrolytic companies are optimistic about future long-term trends
Financial Services Association, April 16 (Reporter Liang Xiangcai) Affected by factors such as the news that Rusal had been sanctioned, aluminum prices surged back into an “reverse V” trend.
CITIC Construction Investment: China's Hongqiao (01378.HK) 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.HK) “buy” rating, the company's net profit from 2024-2026 is estimated to be 16.4 billion yuan, 18.7 billion yuan, 19.3 billion yuan, and EPS of 1.73, 1.97, and 2.04 yuan per share. In 2023, the company achieved operating income of 133.6 billion yuan, +1.46% year on year; realized net profit of 12.5 billion yuan, +27.4% year on year; realized net profit of 11.5 billion yuan, +31.7% year on year. The company achieved net profit of 9.0 billion yuan to mother at 23H2, +267% month-on-month and +952% year-on-year.
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