Citigroup: lowers the target price of China Aluminum (02600.HK) to 7.47 Hong Kong dollars and maintains a "buy" rating.

According to the Wisdom Financial APP, Citigroup released a research report stating that due to the expected increase in aluminum and alumina prices, the profit forecast for China Aluminum (02600.HK) in 2025 to 2027 was raised by 5%, 11%, and 13% to 13.5 billion, 15.5 billion, and 16.6 billion yuan respectively. The bank lowered the target price of Chinalco's H shares from 7.6 Hong Kong dollars to 7.47 Hong Kong dollars and maintained a "buy" rating.