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<Research>DBS Raises CHINAHONGQIAO (01378.HK) TP to $18 as Guinea Revokes Bauxite Mining Rights
West African country, Guinea, recently revoked a number of bauxite mining rights, including those for the Axis mine, which produced 24 million tons of bauxite in 2024 (accounting f...
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<Research>DBS Raises CHINAHONGQIAO (01378.HK) TP to $18 as Guinea Revokes Bauxite Mining Rights
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West African country, Guinea, recently revoked a number of bauxite mining rights, including those for the Axis mine, which produced 24 million tons of bauxite in 2024 (accounting for about 5% of global demand), DBS Group Research issued a research report saying. This may lead to a rebound in bauxite and alumina prices.

CHINAHONGQIAO (01378.HK)  -0.080 (-0.547%)    Short selling $75.36M; Ratio 19.059%   holds a 25% stake in SMB, and has established transportation channels in Guinea, which can provide 55 million tons of bauxite annually, enough to fully supply its alumina production in China. The Company is expected to benefit from higher alumina prices as it is not affected by the mining rights revocations.

DBS Group Research expected its alumina business margin to improve, and raised its FY2025 EPS forecast for CHINAHONGQIAO by 3% to RMB2.41. The broker kept rating at Buy for the Company, and raised its target price from $13.9 to $18, corresponding to a FY2025 projected PE ratio of 6.9x.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-22 16:25.)

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