UBS is bullish on China's aluminum industry: supply remains tight, raised China Hongqiao's (01378.HK) target price to 38.60 Hong Kong dollars.

According to the Securities Times app, a UBS research report indicates that the global aluminum market may continue to face supply tightness, and Chinese companies are expected to benefit from this. The bank reiterated its "buy" rating on China Hongqiao (01378.HK) and raised its target price from HK$28 to HK$38.6.