Movement Alert|CHALCO Rises 3.03% in Regular Trading, Interim Results Review Imminent as Controlling Shareholder Continues Stake Increase

Market Focus
Aug 21

On August 21, CHALCO rose 3.03% in regular trading, trading at HKD 8.275/share, with turnover of HKD 39.02 million, extending its recent rebound trajectory.

On the news front, the company's board of directors is scheduled to convene on August 27 to review unaudited interim results for the first half and consider an interim dividend proposal. The company previously guided first-half net profit attributable to shareholders of RMB 11.2 billion to RMB 12.2 billion, representing year-over-year growth of 58% to 73%, with earnings delivery expectations and potential dividend distribution supporting market sentiment.

Additionally, Chinalco Group and its concert parties have cumulatively increased their holdings by approximately 77.36 million shares, with a total investment of approximately RMB 659 million, signaling strong confidence from the controlling shareholder. The sustained accumulation contrasts with recent reductions by foreign institutions including JPMorgan and BlackRock, providing a stabilizing counterweight to prior selling pressure linked to Middle East smelter restart expectations.

(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.)

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