On July 16, Chalco (02600.HK) declined 3.09% in regular trading, trading at 7.85 HKD/share, with turnover of approximately 374 million HKD.

On the news front, JPMorgan reduced its holding in Chalco by approximately 11.63 million shares on July 9 at an average price of 7.48 HKD per share, totaling roughly 87 million HKD. Following the disposal, JPMorgan's stake fell from 6.23% to 5.94%. This comes after the stock surged over 9% on July 14, driven by the company's H1 profit pre-announcement projecting net income of 11.2-12.2 billion RMB, representing 58%-73% year-on-year growth. The stock has since retreated for two consecutive sessions as profit-taking pressure intensified.

Despite the short-term pullback, Morgan Stanley, Citigroup, Bank of America, and BOCI all maintain buy or overweight ratings, with target prices ranging from 9.16 to 11.2 HKD, implying meaningful upside from current 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.)