On June 29, China Hongqiao rose 3.18% in regular trading, trading at HK$20.74/share, with turnover of HK$268 million.

On the news front, the aluminum sector staged a collective rebound following consecutive sessions of sharp declines. Peer stocks including CHALCO gained 2.62%, RUSAL rose 2.33%, and Nanshan Aluminium International climbed 1.39%, indicating broad sector recovery. On the institutional side, Citi recently reiterated a Buy rating on China Hongqiao with a target price of HK$48, viewing current share price weakness as a buying opportunity. CMBI also maintained its Buy rating, noting the stock trades at just 5.6x forward P/E with an approximately 11% dividend yield, representing attractive valuation. Bank of America similarly maintained a Buy rating with a HK$45 target, citing overly pessimistic market sentiment disconnected from fundamentals.

Additionally, the controlling shareholder conducted consecutive share purchases in early June, explicitly stating the stock price deviates from the company's intrinsic value, providing confidence support near perceived floor levels.

(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.)