A · Important
[BOCI: Raise the target price of Chalco to HK$11.09 and maintain a “buy” rating] On August 31, Bank of China International issued a research report stating that Chalco’s dividend payout ratio increased from 30% in the first half of last year to 45%, which was a major highlight. The bank raised its profit forecast from 2026 to 2028 by 9% to 12%, maintained a "buy" rating, and raised the target price to HK$11.09. The company's net profit in the first half of 2026 increased by 68% year-on-year to approximately 11.9 billion yuan, slightly higher than the bank's expectations, mainly benefiting from the 19% year-on-year increase in the average domestic aluminum price.
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