Movement Alert|CHUANGXIN IND Falls 5.02% in Regular Trading, Aluminum Sector Retreats as EGA Refinery Restart Caps Price Upside

Market Focus
07/24

On July 24, CHUANGXIN IND fell 5.02% in regular trading, trading at 16.26 HKD/share, with turnover of 9.1063 million HKD. The aluminum sector broadly pulled back, giving up the previous session's gains that were fueled by Middle East geopolitical risk premium and strong interim earnings.

On the news front, EGA announced the restart of its alumina refinery, with institutions noting that the overseas electrolytic aluminum supply gap is expected to narrow, potentially constraining further aluminum price upside. Within the sector, CHALCO fell 3.01%, CHINAHONGQIAO fell 2.92%, and NANSHAN AL INTL fell 2.61%. CHUANGXIN IND had previously issued a profit alert forecasting H1 net profit of RMB 2.2-2.4 billion, up 154.1%-177.2% YoY, driven by higher aluminum selling prices, increased green electricity usage reducing production costs, and lower financing expenses. Morgan Stanley maintains an Overweight rating with a target price of 39.57 HKD, citing overseas capacity expansion as a growth driver.

(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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