BOCI International: Mid-term profit of Aluminum Corporation of China (02600.HK) grew strongly in line with expectations. Target price maintained at 9.16 Hong Kong dollars.

According to the Wisdom Financial APP, China Construction Bank International released a research report stating that China Aluminum (02600.HK) is expected to achieve a year-on-year net profit growth of 58% to 73% in the first half of 2026, reaching 11.2 billion to 12.2 billion RMB (and so on). The company attributes this strong growth to stable production and the ability to grasp market trends. The bank pointed out that China Aluminum's performance guidance is in line with its forecast. In the industry's first-quarter report released by the bank last week, it was predicted that the company's first-half profit would increase by 65% to 11.6 billion yuan, mainly driven by the rise in the average selling price of primary aluminum. China Construction Bank International stated that it maintains its profit forecast for China Aluminum and its "buy" rating unchanged, with an H-share target price of 9.16 Hong Kong dollars.