On August 17, CHALCO rose 3.12% in regular trading, trading at HKD 8.44/share, with turnover of HKD 107 million. The stock had previously declined over 5% on August 13 amid Middle East production resumption expectations, and this session marks a notable rebound.
On the news front, controlling shareholder Chinalco Group and its concert parties have cumulatively acquired approximately 77.36 million shares (including 47.60 million A-shares and 29.76 million H-shares), representing about 0.45% of total issued share capital, with cumulative spending of approximately RMB 659 million. Notably, Chinalco's total planned increase ranges from RMB 1 billion to 2 billion, indicating the buyback program remains ongoing. Following the purchases, Chinalco and its affiliates held approximately 5.83 billion shares, or about 34.01% of total issued capital. Additionally, the company forecasts H1 net profit attributable to shareholders of RMB 11.2-12.2 billion, representing 58%-73% year-over-year growth, underpinning solid fundamentals.
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