On July 13, China Hongqiao rose 3.66% in regular trading, trading at HK$21.48 per share, with turnover of HK$314 million.

On the news front, the company issued a positive profit alert on July 10, forecasting that net profit for the first half of the year will increase approximately 39% year-over-year, primarily driven by higher sales prices of its aluminum alloy products during the period. The preliminary data is based on unaudited management accounts, with formal interim results expected by end of August.

Multiple institutions have expressed bullish views on the stock. UBS maintained its Buy rating, highlighting an attractive projected dividend yield of 10.7% to 11.5% for the current and next fiscal year. Citi also reiterated its Buy rating with a target price of HK$48. S&P Global Ratings previously upgraded the company's long-term issuer credit rating to BB+, citing expectations for stronger earnings over the next two years supported by steady production and higher aluminum prices. Additionally, the controlling shareholder recently increased its holdings, stating that the current share price deviates from the company's intrinsic value.

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