DaMo: Aluminum demand surges as supply is limited, raises target price for China Hongqiao (01378.HK) to 44.7 Hong Kong dollars.

Zhijing Finance APP learned that Morgan Stanley has released a research report, believing that the outlook for the aluminum industry has improved, thanks to the demand far exceeding their expectations brought by energy storage systems (ESS) and the supply challenges caused by power issues. Therefore, Morgan Stanley currently expects China Hongqiao (01378.HK) to have greater profit growth potential. Based on this, Morgan Stanley has raised the target price of China Hongqiao from 30.6 Hong Kong dollars to 44.7 Hong Kong dollars, and reaffirmed it as a preferred stock with a "buy" rating.