NANSHAN AL INTL (02610) saw its stock price soar by 5.02% in early trading on Wednesday, following a bullish research report from CICC. The investment bank has maintained its outperform rating on the company and significantly raised its target price by 58% to HK$52.59, citing strong interim results and improved market sentiment.

CICC's optimistic outlook is based on NANSHAN AL INTL's impressive first-half performance in 2025. The company reported a 41.0% year-on-year increase in revenue to approximately US$597 million, while profit attributable to shareholders surged by 124.2% to around US$248 million. This performance slightly exceeded expectations, primarily due to higher-than-anticipated selling prices in the alumina business.

Looking ahead, NANSHAN AL INTL is poised for further growth. The company is expanding its production capacity and is on track to become the largest alumina producer in Southeast Asia. With construction of its second 1 million tons per year capacity ahead of schedule, the company expects commissioning in Q4 2025 or Q1 2026. Additionally, NANSHAN AL INTL declared its first interim dividend since listing, with a payout ratio of approximately 20%, further boosting investor confidence. These factors, combined with the company's cost, regional, and shareholder advantages, appear to be driving the stock's positive momentum in the market.