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<Research>Citi Lifts CHALCO (02600.HK) TP to $15.94 as Firm Expected to Benefit from Hiking Aluminum Price
Recommend 7 Positive 8 Negative 5 |
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Citi Research issued a research report saying that it has updated its model for CHALCO (02600.HK) to reflect the latest forecasts for aluminum and alumina prices. The broker also raised its 2025-2027 net profit forecasts for CHALCO by 2%/ 4%/ 7% to RMB14 billion/ RMB19.1 billion/ RMB21.9 billion each, and lifted its target price for CHALCO's H-shares from $12.41 to $15.94. Citi Research expected CHALCO to benefit from the ongoing rise in aluminum price and aluminum margin, and maintained the stock as Top Pick. AASTOCKS Financial News Website: www.aastocks.com |
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