[ET Net News Agency, 31 May 2022] CMB International raised its target price for China
Hongqiao (01378) to HK$15.6 from HK$15.3 and maintained its "buy" rating.
The research house said it believes that China Hongqiao will benefit from the global
aluminium boom cycle and will outperform the industry through (1) cross-regional
replacement of production capacity; (2) industrial chain integration; (3) self-provided
power plants; and (4) downstream extension and other advantages. (RC)