Citigroup raises the target price for CHINAHONGQIAO to 48 yuan, maintains its top pick and gives a "Buy" rating

AASTOCKS
2026.04.09 01:46

Citi published a research report, updating the forecast model for CHINAHONGQIAO (01378.HK), incorporating fiscal year 2025 performance, the latest price forecasts, and management guidance. The bank stated that the aluminum industry remains its most favored sector, as the situation in the Middle East continues to impact supply, and the recovery of aluminum production capacity may take longer.

The report indicated that based on yesterday's (8th) closing price, CHINAHONGQIAO's forecast dividend yield for fiscal year 2026 is 6.4%, which is attractive. The company also provides appealing dividend payments and share buyback guidance, focusing on shareholder returns. The bank raised its target price from HKD 36 to HKD 48, maintaining it as the industry favorite and giving it a "Buy" rating

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