CHALCO (02600.HK) +0.340 (+3.028%) Short selling $29.99M; Ratio 14.578% reported a 56% YoY increase in net profit to RMB5.527 billion for 1Q26, representing a 207% QoQ surge, in line with its earlier pre-announcement, Citi Research issued a research report saying. Therefore, the broker kept rating at Buy on CHALCO's H-shares, with a target price of $15.94, based on a projected 2.81x 2026 PB ratio.Related News M Stanley Updates Asia-Pacific Focus Stock List (Table)Furthermore, Citi Research previously opened a 30-day positive catalyst watch on CHALCO, expecting that its Chairman and management would provide positive guidance during investor meetings. The broker also believed that the market has underestimated the impact of aluminum supply disruptions resulting from the Iran conflict. CHALCO remains Citi Research's sector top pick.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-03 12:25.)
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