Movement Alert|CHALCO Rises 3.06% in Regular Trading, Aluminum Inventory Destocking and Strong H1 Earnings Boost Market Confidence

Market Focus
Sep 08

On September 8, CHALCO (02600.HK) rose 3.06% in regular trading, trading at HK$9.1/share, with turnover of HK$134 million.

On the news front, persistent aluminum inventory destocking combined with robust interim results continued to underpin bullish sentiment. LME aluminum inventory has fallen below 250,000 tonnes, while domestic spot inventory is approaching the 800,000-tonne threshold. Escalating Strait of Hormuz shipping disruptions and the halving of capacity at Brazil's Alunorte alumina plant have left the overseas supply shortage unresolved, providing systematic support for aluminum price upside. Brokerage analysis suggests aluminum prices may challenge the 24,500 or even 25,000 yuan level.

On the earnings front, the company reported H1 attributable net profit of RMB 11.871 billion, surging 67.91% year-over-year, with Q2 standalone net profit jumping 79.47%. Revenue for the period rose 7.7% to RMB 125.4 billion. Notably, the dividend payout ratio was lifted from 30% to 45%, with an interim dividend of RMB 0.276 per share proposed. BOCI raised its target price to HK$11.09 and maintained a Buy rating, while multiple other institutions also issued positive assessments.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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