Movement Alert|CHALCO Falls 3.07% in Regular Trading, Aluminum Sector Under Broad Selling Pressure Amid Foreign Institutional Reduction

Market Focus
08/03

On August 3, CHALCO fell 3.07% in regular trading, trading at HKD 8.195/share, with turnover of HKD 146 million. The aluminum sector came under broad pressure, with China Hongqiao down 6.68% and Chuangxin Industrial down 4.49%.

On the news front, JPMorgan reduced its holdings in CHALCO by approximately 8.919 million shares at end of July at around HKD 8.59 per share, while BlackRock trimmed its stake from 11.36% to 10.96%, intensifying short-term selling pressure from foreign institutions. Despite the company guiding first-half net profit attributable to shareholders of RMB 11.2 billion to 12.2 billion, representing 58% to 73% year-over-year growth, and the controlling shareholder Chinalco Group initiating a RMB 1-2 billion share purchase plan backed by a dedicated ICBC loan facility of up to RMB 1.8 billion, the stock has still declined over 25% year-to-date, reflecting an unresolved divergence between strong earnings momentum and depressed valuation.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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