The analyst rating for CHALCO (02600.HK) was updated by Citi Research due to several key factors. The report reflects updated forecasts for aluminum and alumina prices, which are expected to rise. As a result, Citi Research raised its net profit forecasts for CHALCO for the years 2025-2027 by 2%, 4%, and 7%, respectively. Additionally, the target price for CHALCO's H-shares was increased from $12.41 to $15.94. The overall expectation is that CHALCO will benefit from the ongoing rise in aluminum prices and margins, leading Citi Research to maintain the stock as a Top Pick.
