On July 10, China Hongqiao rose 3.48% in regular trading, trading at 20.68 HKD/share, with turnover of HKD 169 million. The aluminum sector staged a collective rebound following consecutive sessions of weakness, with multiple brokerages reiterating bullish views on the stock.

On the news front, UBS recently lowered its target price for China Hongqiao from HKD 46.1 to HKD 36.8 but maintained its Buy rating, emphasizing that market concerns over aluminum supply surplus have been significantly exaggerated and that the current share price has already excessively priced in pessimistic expectations. UBS forecasts the company's dividend yield at 10.7%-11.5% for the coming two years. Separately, Citi maintains a Buy rating with a target price of HKD 48, while CITIC Securities noted that pessimistic expectations for the aluminum sector have been over-discounted and the sector is poised for a rational recovery.

Within the Aluminum sector, peers also advanced: CHALCO up 2.66%, Nanshan Aluminium International up 2.20%, Chuangxin Industrial up 1.53%, and Xingfa Aluminium up 0.31%, while RUSAL slipped 0.32%.

(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.)