Citibank: Initiating a 30-day upward catalyst observation on China Aluminum Industry, target price of 15.94 Hong Kong dollars.

Citi releases research report, initiating a 30-day observation on the catalyst for the upward trend of China Aluminum, rating it as "buy" with a target price of HK$15.94. The bank believes that aluminum is still the sector they are most optimistic about, estimating that the guidance from China Aluminum's management will have a positive impact on the stock price. The bank will host a meeting for the chairman and chief financial officer of China Aluminum this week, expecting the management to address investors' concerns, including the guidance that impairment losses are expected to decrease annually; expecting the management to provide guidance on stable dividend growth, as last year's dividend rate was lower than expected; the market underestimates the impact of the Iran war on the disruption of the aluminum industry.