Movement Alert|CHALCO Rises 3.11% in Regular Trading, Interim Results Review and Supply Disruption in Brazil Boost Sentiment

Market Focus
Aug 20

On August 20, CHALCO rose 3.11% in regular trading, trading at HKD 8.47 per share, with turnover of HKD 37.52 million, rebounding after consecutive sessions of pressure from Middle East production resumption expectations.

On the news front, the company announced its board will convene on August 27 to review first-half interim results and consider an interim dividend proposal. The company previously guided H1 net profit attributable to shareholders of RMB 11.2 billion to 12.2 billion, representing year-over-year growth of 58% to 73%, with earnings delivery expectations and potential dividends providing a boost to market sentiment.

On the supply side, Brazil's Alunorte alumina plant cut production by 50% due to a natural gas supply interruption, lending support to overseas alumina prices and partially offsetting downward pressure on aluminum prices previously caused by the Middle East capacity restart outlook. Additionally, controlling shareholder Chinalco Group has cumulatively increased its stake by approximately RMB 659 million as part of an ongoing buyback plan of RMB 1 billion to 2 billion, reinforcing confidence.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10