<Research>CICC Upgrades CHALCO (02600.HK) to Outperform, Keeps TP at $15.37

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<Research>CICC Upgrades CHALCO (02600.HK) to Outperform, Keeps TP at $15.37

CHALCO (02600.HK) recorded a YoY increase of 4.9% and a QoQ decrease of 9.5% in revenue for 1Q26, CICC issued a research report saying. Net profit surged by 56.2% YoY and 206.7% Qo...

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<Research>CICC Upgrades CHALCO (02600.HK) to Outperform, Keeps TP at $15.37

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CHALCO (02600.HK) +0.430 (+3.720%) Short selling $23.01M; Ratio 4.898% recorded a YoY increase of 4.9% and a QoQ decrease of 9.5% in revenue for 1Q26, CICC issued a research report saying. Net profit surged by 56.2% YoY and 206.7% QoQ.

Benefiting from the continued upside in aluminum prices and the Company's overseas expansion, CICC upgraded CHALCO to Outperform, and kept its target price at $15.37, while keeping its 2026/ 2027 earnings forecasts unchanged.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-24 16:25.)

Related NewsUBS: Chinalco (02600.HK) 1Q26 Net Profit Near Upper End of Profit Guidance, Maintains Buy Rating

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