Aluminum Corporation of China (02600) rose 3.3 percent in the afternoontruefortunecasino.59%truefortunecasino, currently quoted at HK$5.48, with a turnover of HK$327 million.
Citi released a research report saying that aluminum's profit margins may remain high for a longer period of time, and the further rise in aluminum prices is also related to a potential manufacturing replenishment cycle.
HSBC said that Chinalco still has room to further increase its valuation because the market has not yet fully reflected its strong profit margin expansion in stock price performance, and given tight supply, it is expected that the expansion trend will remain high for a long time.