Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
02600 CHALCO
RTNominal up5.270 +0.050 (+0.958%)
Others

10/12/2018 14:31

[I-bank focus]Citi slashes Chalco (02600) to HK$4.3

[ET Net News Agency, 10 December 2018] Citi Research lowered its target price for
Chalco (02600) to HK$4.3 from HK$6.4 and maintained its "buy" rating.
The research house expects the long-run story for aluminium to remain intact but
investor sentiment will likely be driven by the macro in 2019. Citi said 2018 saw weaker
than expected demand growth, mainly due to weaker construction, power, and transportation
demand. It forecast 2019E demand will grow 4.6%.
The research house said 2018 also saw slower capacity ramp-up due to capacity license
constraints, funding pressures and low margins that dis-incentivized ramp-ups. Citi
expects 2019 aluminium capacity additions to deliver about 2.3mt. (KL)

Back to Others

Remark: Real time quote last updated: 25/09/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.