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<Research>CICC Expects Aluminum Prices to Continue Hitting New Highs, Recommends Focus on NANSHAN AL INTL/ CHINAHONGQIAO
Recommend 13 Positive 27 Negative 13 |
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CICC released a research report suggesting that investors should focus on three criteria for selecting aluminum stocks, including: companies with overseas expansion capabilities and stronger growth potential, etc.. CICC recommended focus on targets including NANSHAN AL INTL (02610.HK), CHINAHONGQIAO (01378.HK), CHALCO (02600.HK), TIANSHAN ALUMINUM (002532.SZ), NANSHAN AL INTL (02610.HK) and HUATONG WIRES AND CABLES (605196.SH). The latest ratings and target prices of the sector are listed in a separate table. As the supply-demand gap of electrolytic aluminum continued to widen, coupled with the global resonance of active fiscal and monetary policies, aluminum prices are expected to continue reaching new highs, the broker added. Considering that costs are expected to remain low, the profit per ton of aluminum is likely to widen further as aluminum prices rise. AASTOCKS Financial News Website: www.aastocks.com |
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