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2025-07-30 10:59:11
[China Hongqiao rose 2.1%, Citigroup raised its target price to HK$25.2] 1. China Hongqiao rose 2.1% in early trading on Wednesday to HK$21.8. Citigroup raised the company's target price from HK$21 to HK$25.2. Although the slowdown in the photovoltaic industry and the aluminum market entering the off-season have caused concerns about demand, aluminum prices have remained strong due to limited supply growth and low inventory levels. China's aluminum production capacity utilization rate is already high. 2. Since the beginning of this year, China Hongqiao's stock price has risen by 83.2%, far exceeding the 26.9% increase in the Hang Seng Index. The Hang Seng Materials Industry Index rose by 1.6% during the session.
