Hong Kong Stocks in Focus | CHALIECO (02068) Rises Nearly 5% Amid Strategic Return to Nonferrous Metals and Strong International Growth

Stock News
Oct 21

CHALIECO (02068) saw its shares rise nearly 5% during intraday trading, with a current increase of 4.12% at HKD 2.53, and a trading volume of HKD 13.2695 million. The company has announced that its board meeting will take place on October 28 to review third-quarter performance. Additionally, on October 14, CHALIECO's subsidiary successfully signed a contract for the construction of an electrolytic aluminum production base in Angola, marking a significant step forward in its overseas market expansion. Last month, CHALIECO was awarded seven management accomplishments at the 2025 Modern Management Innovation Achievements of Nonferrous Metals Enterprises awards. According to Western Securities, CHALIECO is a leader in engineering technology within the nonferrous metals sector and is backed by China Aluminum Group. The company has fully returned to its core nonferrous metals and advantageous industrial sectors, divesting from high-risk, low-efficiency non-core businesses, and accelerating its transformation and upgrade, which is expected to yield benefits from the high prosperity of the nonferrous metals industry. Furthermore, the company is fully implementing its "Technology + International" strategy, demonstrating strong growth in its international operations. Western Securities holds a positive outlook on the high-quality growth potential from the company's strategic focus and international development, initiating coverage with a "Buy" rating.

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