Hong Kong Stock Market Update: CHALIECO surged more than 12% in early trading. News suggests that the market value management assessment measures may be released soon.

CHALIECO surged more than 12% in early trading, with a 12.24% increase as of the time of publication, reaching HKD 2.20, with a turnover of HKD 23.97 million. CITIC Securities pointed out that since the beginning of the year, most of the aluminum sector stocks have underperformed the Shanghai and Shenzhen 300 Index, reflecting the market's concerns about the impact of real estate completion on the demand pattern of the aluminum industry. Given that the completion of real estate projects is a slow decline rather than a cliff-like downturn, and the demand for aluminum in the construction of the "Three Major Engineering Projects" can offset the reduction in demand for aluminum in the real estate sector to within 1 million tons. The continued growth of new energy and improvements in aluminum exports can provide an additional supply of over 1.5 million tons of aluminum, ensuring the momentum for the aluminum industry to maintain its gap and continue to expand its profitability. The well-adjusted aluminum sector is expected to see valuation recovery in the context of strong prices. In addition, according to Securities Times, news from Xinhua News Agency revealed that at a meeting of the State-owned Assets Supervision and Administration Commission of the State Council and local state-owned assets supervision and administration commissions on January 29, it was learned that in 2024, the market value management assessment of listed companies will be fully implemented. There are rumors in the market that the relevant assessment methods may be released soon. However, this news has not yet been confirmed by authoritative sources.