Shares of China Hongqiao (01378) surged more than 5% during the morning session. At the time of writing, the stock was up 5.07%, trading at HK$21.14, with a turnover of HK$482 million.

Several aluminum enterprises have recently issued positive profit forecasts for the first half of the year. Among them, Tianshan Aluminum is expected to achieve a net profit attributable to shareholders of 4.2 billion yuan for the first half, representing a year-on-year increase of 101.52%.

UBS recently maintained its 'buy' rating on China Hongqiao, with the core rationale being the highly attractive projected dividend yield. According to UBS forecasts, China Hongqiao's projected dividend yields for 2026 and 2027 are as high as 10.7% and 11.5%, respectively.