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Major bank rating | Goldman Sachs: China Aluminum's aluminum business profitability may improve in the second half of the year, with a target price of HKD 7.5 per H-share.
According to a research report by Morgan Stanley, Aluminum Corporation of China expects its net profit for the first half of this year to increase by 90% to 114% YoY, reaching 6.5 billion to 7.3 billion yuan, far exceeding market expectations. The bank estimates that this means Chalco's net profit for the second quarter of this year is expected to be between 4.3 billion and 5.1 billion yuan, with a YoY growth rate of 166% to 216%. Morgan Stanley believes that strong profit growth is mainly due to the rise in aluminum and alumina prices in the second quarter, the increase in sales due to the recovery of aluminum production capacity in Yunnan Province, and the improvement in the company's cost control, which has driven the contribution of aluminum and alumina business profits. The outlook for profitability prospects in the second half of the year continues to improve, while Shanxi and
Chalco Shares Rise After Positive Profit Alert
By Amanda Lee Shares of Aluminum Corp. of China surged after the company guided for a doubling of its first-half net profit, raising hopes of continued strong financial performance in the upcoming
Citigroup: Rates Aluminum Corporation of China (02600) as “buy” with target price of HKD 7.88.
According to the news from the Wisdom Finance APP, Citigroup has released a research report rating Aluminum Corporation of China (02600) as "buy" with a target price of HKD 7.88. The company predicts that its net income in the middle of this year will reach RMB 6.5 billion to 7.3 billion, a year-on-year increase of 90% to 114%, achieving 72% to 81% of the bank's annual forecast, as well as the market's widely expected 71% to 80%, which is better than expected. The bank expects that the recurring net profit of Chalco in the first half of the year will reach RMB 6.4 billion to 7.2 billion, a year-on-year increase of 122% to 150%, and the net income in the second quarter is expected to increase by 166% to 216% year-on-year, with a range of RMB 4.3 billion to 5 billion.
Express News | 中国铝业H股高开5.8%,预计上半年净利润同比增90-114%
Aluminum Corporation of China expects mid-term performance to increase in 2024.
Announcement Selection by Gelunhui (HK stocks) | SD Gold (01787.HK) Performance Surprise: The expected net profit attributable to shareholders in the first half of the year increased by 42.07% to 64.81% year-on-year.
Today's focus: sd gold (01787.HK) earnings report: expected net income attributable to the parent company owner to increase by 42.07% to 64.81% year-on-year in the first half of 2024. According to the preliminary calculation, the net income attributable to the parent company owner is expected to be RMB 1.25 billion to RMB 1.45 billion, an increase of RMB 0.37 billion to RMB 0.57 billion compared with the same period last year, with a year-on-year increase of 42.07% to 64.81%. The net income attributable to the parent company owner after deducting non-recurring gains and losses is expected to be achieved in the first half of 2024.
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151467742 : $YANZHOU COAL MININ (YZCAY.US)$ Dude, which coal futures market has the most influence?