---
title: "CITIC International raised the target price of CHINAHONGQIAO to 45 yuan, expecting profits to be driven by rising aluminum prices"
description: "Zhao Yin International raised the target price of CHINAHONGQIAO to HKD 45, maintaining a \"Buy\" rating, as it expects a continued supply shortage in the global aluminum market from 2026 to 2027. The av"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/274939523.md"
published_at: "2026-02-05T08:10:17.000Z"
---

# CITIC International raised the target price of CHINAHONGQIAO to 45 yuan, expecting profits to be driven by rising aluminum prices

> Zhao Yin International raised the target price of CHINAHONGQIAO to HKD 45, maintaining a "Buy" rating, as it expects a continued supply shortage in the global aluminum market from 2026 to 2027. The average aluminum price forecast has been raised by 12% and 7%, while the bauxite price forecast has been lowered by 16% and 18%. It is expected that the core net profit will reach RMB 26.2 billion in 2025, with net profit growth accelerating to 34% in 2026. A 1% increase in aluminum prices will boost 2026 earnings by approximately 2.3%

CMB International maintains a positive outlook on CHINAHONGQIAO (01378.HK) as it expects a continued supply-demand imbalance in the global aluminum market from 2026 to 2027. The bank has raised its average aluminum price forecasts for the same period by 12% and 7%, respectively, while lowering its bauxite price forecasts by 16% and 18% due to ample supply. As a result, it has increased its earnings forecasts for CHINAHONGQIAO for the next two years by 27% and 12%, respectively, raising the target price from HKD 39 to HKD 45, and maintaining a "Buy" rating.

The bank expects the company's core net profit to reach RMB 26.2 billion in 2025, a year-on-year increase of 7%, and anticipates that net profit growth will accelerate to 34% in 2026, based on higher aluminum prices. In terms of earnings sensitivity, the bank estimates that for every 1% increase in aluminum prices, the company's earnings in 2026 will increase by approximately 2.3%; while a 1% decrease in coal prices will boost earnings by about 0.3%

### Related Stocks

- [159608.CN - GF CSI Rare Metals Theme ETF](https://longbridge.com/en/quote/159608.CN.md)
- [512400.CN - China Southern CSI SWS Non-Ferrous Metal ETF](https://longbridge.com/en/quote/512400.CN.md)
- [159880.CN - Penghua Guozheng Non-ferrous Metal Industry ETF](https://longbridge.com/en/quote/159880.CN.md)
- [516650.CN - ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF](https://longbridge.com/en/quote/516650.CN.md)
- [560860.CN - Wanjia CSI Industry Non-Ferrous Metal Theme ETF](https://longbridge.com/en/quote/560860.CN.md)
- [159881.CN - Guotai CSI Non-ferrous Metal ETF](https://longbridge.com/en/quote/159881.CN.md)
- [159876.CN - Hwabao WP CSI Non-ferrous Metal ETF](https://longbridge.com/en/quote/159876.CN.md)
- [01378.HK - CHINAHONGQIAO](https://longbridge.com/en/quote/01378.HK.md)
- [159980.CN - Dacheng Non-Ferrous Metal Futures ETF](https://longbridge.com/en/quote/159980.CN.md)
- [159871.CN - Yinhua CSI Non-ferrous Metal ETF](https://longbridge.com/en/quote/159871.CN.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 江西銅業提議註冊併發行總額不超過人民幣 150 億元的中期票據 | 江西銅業提議註冊發行總額不超過 150 億元人民幣的中期票據 | [Link](https://longbridge.com/en/news/276620316.md) |
| Lundin Mining (LUNMF) 獲得了 RBC Capital 的持有評級 | RBC Capital 的分析師 Sam Crittenden 對 Lundin Mining（LUNMF）維持了持有評級，目標價為 29.00 加元，而該股收盤價為 42.92 加元。Crittenden 是一位頂級分析師，平均回報率為  | [Link](https://longbridge.com/en/news/277145615.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.