On October 2, CHINAHONGQIAO fell 3.06% in regular trading, trading at HK$21.04/share, with turnover of approximately HK$55.13 million. The aluminum sector showed broad weakness on the day, with peers CHALCO down 2.58%, CHUANGXIN IND down 2.73%, and NANSHAN AL INTL down 1.28%.

The decline came despite robust first-half results, with attributable net profit surging 39.2% year-over-year to RMB 17.21 billion and gross margin expanding 5.8 percentage points to 31.5%, driven by an 18.7% rise in aluminum prices and a 23.2% increase in deep-processed aluminum alloy product sales. Multiple institutions including Morgan Stanley, JPMorgan, Bank of America, and CICC maintain buy-equivalent ratings with target prices ranging from HK$28.6 to HK$40.71, significantly above the current level.

Notably, the stock has retreated sharply from its 52-week high of HK$41.36, with the dynamic price-to-earnings ratio compressed to just 5.32 times, reflecting a pronounced divergence between market sentiment and underlying fundamentals. Short-selling data also showed CHINAHONGQIAO led the metals and mining sector by short-selling value on September 30.

(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.)