Europe's Aluminum Output Starts to Recover as Energy Prices Fall
Trimet Aluminium SE will ramp up production at its smelters in France and Germany to full capacity in the coming year, in a sign that falling energy prices are helping to bring the European aluminum industry back from the brink of an existential crisis.
Major Bank Ratings | UBS: Upgraded the profit forecast for copper and aluminum-related stocks this year and next two years
Glonghui, May 16 | UBS released a report raising the profit forecast for copper and aluminum-related stocks this year and next two years. Among them, Zhongluo Molybdenum increased 15% each, Zijin Mining raised 12% and 15%, Jiangtong raised 10% and 1%, China Hongqiao raised 20% and 18%, and China Aluminum raised 21% and 13%, reflecting the positive operating indicators of the companies concerned in the first quarter and the market price of non-ferrous metals. The bank raised its target price for copper-related stocks by about 20%, reflecting an increase in profit forecasts and target enterprise value ratios due to improvements in basic factors. After changing the valuation method for aluminum stocks from market account ratio and return on share capital to market profit, the bank raised
China Hongqiao (1378.HK) Company In-depth Report: Aluminum industry chain integration leaders are expected to enjoy high profit flexibility
The company is an excellent domestic manufacturer of aluminum products. The company was founded in 1994, and the actual controllers are the Zhang family. The company's upstream and downstream integrated industrial chain is fully equipped. It is a company that integrates heat and electricity, mining, alumina, liquid aluminum alloys, aluminum ingots, and aluminum alloys
CHINAHONGQIAO To Go Ex-Dividend On May 22nd, 2024 With 0.29 HKD Dividend Per Share
May 14th - $CHINAHONGQIAO(01378.HK)$ is trading ex-dividend on May 22nd, 2024. Shareholders of record on May 23rd, 2024 will receive 0.29 HKD dividend per share on June 14th, 2024. The ex-dividend
Huatai Securities: There is little conflict between aluminum supply and aluminum prices may fluctuate in May
Aluminum prices continued to be strong in April. From a fundamental point of view, supply and demand for electrolytic aluminum were strong, domestic aluminum ingots+aluminum bar inventories continued to be eliminated, and there was little conflict between supply and demand in the industry, which supported aluminum prices.
Guoxin Securities: Stable raw material prices combined with the boom cycle of the aluminum industry, China's Hongqiao (01378) profitability increased significantly
The Zhitong Finance App learned that Guoxin Securities released a research report stating that it maintains China's Hongqiao (01378) “buy” rating. Assuming that the average spot price of aluminum in 2024-2026 is 19,500 yuan/ton, the price of alumina is 3,300 yuan/ton, the price of pre-baked anodes is 4,000 yuan/ton, the factory price of 5,500 kcal thermal coal is 900 yuan/ton, and the tax-inclusive price of hydropower in Yunnan is 0.44 yuan/kilowatt. Future cost fluctuations will decrease, and the company's profitability will be more stable. Taking advantage of this high boom cycle of electrolytic aluminum and opportunities for capacity transfer, the company will continue to get rid of the pressure that restricts long-term development in the future
Changes in Hong Kong stocks | Aluminum stocks rose in the afternoon, the expected difference in electrolytic aluminum is still large, and aluminum profit margins may remain at a high level for a long time
The Zhitong Finance App learned that aluminum stocks rose in the afternoon. As of press release, China's Hongqiao (01378) rose 4.5% to HK$11.62; China Aluminum (02600) rose 2.96% to HK$5.56; and Xingfa Aluminum (00098) rose 0.13% to HK$7.96. Guolian Securities released a research report saying that many factors suppressing metal prices in 2024 are expected to be mitigated, and the pace of global economic recovery in the post-pandemic era may become the core of non-ferrous metal pricing. Guojin Securities, on the other hand, said that the difference in expectations for the electrolytic aluminum sector is still large. Recently, domestic real estate support policies have continued to be strengthened, and the equity market
Hongqiao, China (01378.HK): Stable raw material prices combined with a significant increase in the profitability of the aluminum industry boom cycle
The company's net profit to mother increased 32% in 2023. China Hongqiao disclosed its 2023 annual results. The company's 2023 revenue was 133.6 billion yuan, up 1.5% year on year; net profit to mother was 11.46 billion yuan, up 31.7% year on year; and net cash inflow from operating activities was 7.722 billion yuan, up 1.3% year on year.
Societe Generale Securities: China Hongqiao (01378.HK) will continue to release highly flexible performance in 2024 and maintain a “buy” rating
Societe Generale Securities released a research report stating that maintaining China's Hongqiao (01378.HK) “buy” rating, the net profit for 24/25/26 is estimated to be 202.73/204.36/20.56 billion yuan, respectively. Since April, aluminum prices have continued to rise above the 20,000 yuan level, and the cost side has continued to fall. The bank estimates that currently the Hongqiao Shandong Division's net profit per ton is around 3,700 yuan, and the Yunnan division's net profit per ton is close to the level of 3,000 yuan. In 2024, high elastic performance will continue to be released.
Guojin Securities: The logic of re-inflation in precious metals and industrial metals continues to focus on the gold and copper market
Based on the GDP segment data for the first quarter, the US economy has not yet reached a state of stagflation. The inflation logic continues, and the price of precious metals and industrial metals continues to operate closely in the same direction.
UBS: Investors are expected to respond well to China's Hongqiao (01378) performance and maintain a “buy” rating
UBS pointed out that the net profit performance of Shandong Hongqiao, a subsidiary of China's Hongqiao, in the first quarter of the 2024 fiscal year was superior to the company's earlier guidance and was in line with market expectations.
China League Securities: Many factors suppressing metal prices in 24 years are expected to ease continued optimism about investment opportunities in the non-ferrous metals sector
As the Federal Reserve's interest rate hike comes to an end, the US dollar index falls significantly, and global liquidity is expected to improve, compounding expectations for China's economic recovery; continuing to be optimistic about investment opportunities in the non-ferrous metals sector, the League of Nations Securities maintained the industry's “better than the big market” rating.
China Hongqiao (01378.HK) Incident Review: Electrolytic Aluminum+Alumina Profits Exceed Expectations and the Integrated Layout Advantages Revealed
The company released financial data for the first quarter of its subsidiary Shandong Hongqiao New Materials Co., Ltd. 2024Q1, Shandong Hongqiao achieved revenue of 34.76 billion yuan, +6.1% year-on-year, and +4.3% month-on-month; realized net profit of 4.34 billion yuan.
Citibank: The profit margin for aluminum production is expected to remain high for a long time, and the target price of China Hongqiao (01378) will be raised to HK$13.8
The Zhitong Finance App learned that Citi published a research report, gave China Hongqiao (01378) a “buy” rating and raised the target price from HK$11.5 to HK$13.8. Citi believes that due to strong demand and still tight supply, China Aluminum's profit margin may remain high for a longer period of time. Citi updated the model and improved its profit forecast for China's Hongqiao to take into account updated price and cost assumptions. Citi's profit forecast for China's Hongqiao 24E/25E is 29%/36% higher than market expectations, and market expectations are expected to generally rise in the next few months. The further rise in aluminum is also associated with potential
Changes in Hong Kong stocks | China Hongqiao (01378) rose more than 4% in early trading, Shandong Hongqiao's net profit in the first quarter increased by more than 6 times, exceeding previous company guidelines
China's Hongqiao (01378) rose more than 4% in early trading. As of press release, it rose 3.67% to HK$11.3, with a turnover of HK$497.812 million.
Express News | Most Hong Kong non-ferrous metals stocks rose, China's Hongqiao rose nearly 6%
Changes in Hong Kong stocks | China Hongqiao (01378) rose nearly 8% in early trading, Shandong Hongqiao's net profit of 4.341 billion yuan in the first quarter increased 629.3% year-on-year
China's Hongqiao (01378) rose nearly 8% in early trading. As of press release, it was up 6.17% to HK$11.36, with a turnover of HK$133 million.
China Hongqiao (01378): Shandong Hongqiao's net profit of 4.341 billion yuan in the first quarter increased 629.3% year-on-year
According to the Zhitong Finance App, China Hongqiao (01378) announced the results of the subsidiary Shandong Hongqiao from January to March 2024. The group achieved operating revenue of 34.763 billion yuan (RMB, same below) during the period, an increase of 6.07% over the previous year; net profit of 4.341 billion yuan, an increase of 629.3% over the previous year.
China Hongqiao (01378.HK): Electrolytic aluminum leading performance continues to grow, and future development can be expected
Domestic demand for electrolytic aluminum recovered, revenue continued to grow, and dividend distribution was stable. The company achieved operating income of 133.624 billion yuan in 2023, an increase of 1.5% over the previous year; achieved gross profit of 20.955 billion yuan, an increase of 1
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%.
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