China Hongqiao (01378) saw its shares climb more than 8% during afternoon trading. At the time of writing, the stock was up 6.94%, trading at HK$37.92 with a turnover of HK$1.519 billion.

GF Securities issued a research report stating that rising aluminum prices are boosting the company's profits. The report forecasts China Hongqiao's earnings per share for 2025-2027 at RMB 2.20, RMB 3.28, and RMB 3.29 per share, respectively. Based on comparable company valuations, GF Securities assigned the company a 2026 price-to-earnings ratio of 12, deriving a fair value of HK$44.25 per share and maintaining a "Buy" rating. (Note: Exchange rate used is HK$1 = RMB 0.89)