Hong Kong stocks fluctuating | CHINAHONGQIAO (01378) rises more than 4% again. The share buyback shows confidence in development. Citibank is Bullish on aluminum prices and company Shareholder returns this year.

CHINAHONGQIAO (01378) has risen over 4% again, up 4.27% at the time of writing, priced at 13.2 Hong Kong dollars, with a turnover of 0.297 billion Hong Kong dollars.

Zhitong FinanceJan 23 22:53 ET

On January 23, CHINAHONGQIAO (01378.HK) spent 31.2692 million Hong Kong dollars to buy back 2.4975 million shares.

Gelonghui reported on January 24 that CHINAHONGQIAO (01378.HK) announced that on January 23, 2025, it spent 31.2692 million Hong Kong dollars to buy back 2.4975 million shares, at a buyback price of 12.5-12.6 Hong Kong dollars per share.

Gelonghui FinanceJan 23 19:00 ET

First Shanghai Securities Starts China Hongqiao Group at Buy With HK$16.80 Price Target

MT NewswiresJan 23 03:07 ET · Ratings

China Hongqiao Group Limited's (HKG:1378) Prospects Need A Boost To Lift Shares

Simply Wall StJan 21 17:06 ET

[Brokerage Focus] FIRST SHANGHAI gives CHINAHONGQIAO (01378) an initial "Buy" rating, citing a decline in raw material prices that boosts the company's profits.

Jinwu Financial News | FIRST SHANGHAI issued a Research Report indicating that CHINAHONGQIAO (01378) subsidiary ShanDong Hongqiao achieved revenue of 110.1 billion yuan in the first three quarters, a year-on-year increase of 12.5%; achieved a Net income of 15.8 billion yuan, a year-on-year increase of 141%. In Q3, ShanDong Hongqiao achieved revenue of 38 billion yuan, a year-on-year increase of 13.9%, and a Net income of 5.96 billion yuan, a year-on-year increase of 38%, an increase of 9.4% compared to Q2's 5.45 billion yuan. The increase in revenue is mainly benefited from the rise in prices of electrolytic Aluminum and alumina. In the third quarter, the domestic spot average price of electrolytic Aluminum was 19,550 yuan/ton, fluctuating at a high level.

Jinwu Financial NewsJan 21 03:18 ET

Guolian: Maintains "Buy" rating for CHINAHONGQIAO (01378) as share buybacks demonstrate confidence in development.

Guolian expects CHINAHONGQIAO's net income attributable to the parent company to be 22.317/26.042/27.076 billion yuan for the years 2024-2026.

Zhitong FinanceJan 20 21:22 ET