China Hongqiao Surges Over 7% in Afternoon Trading as GF Securities Reiterates Buy Rating

Deep News
Yesterday

China Hongqiao (01378) saw its shares climb more than 8% during afternoon trading. At the time of writing, the stock was up 6.94%, trading at HK$37.92 with a turnover of HK$1.519 billion.

GF Securities issued a research report stating that rising aluminum prices are boosting the company's profits. The report forecasts China Hongqiao's earnings per share for 2025-2027 at RMB 2.20, RMB 3.28, and RMB 3.29 per share, respectively. Based on comparable company valuations, GF Securities assigned the company a 2026 price-to-earnings ratio of 12, deriving a fair value of HK$44.25 per share and maintaining a "Buy" rating. (Note: Exchange rate used is HK$1 = RMB 0.89)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10