HU-CHQG@EC2609A

US Bank Bullish on Chinese Metal Market, Recommends Several Metal Stocks

GT Securities Raises Profit Forecast and Price Target for China Hongqiao

GF Insights Predicts China Hongqiao's Net Profit for 2025-2027 and Gives a Buy Rating

CMBI Raises Target Price for China Hongqiao to HKD 45

Hongqiao Holding Acquires 100% Equity of Shandong Hongtuo Industry

Jefferies: CHERNG FONG GROUP Will Benefit from Rising Aluminum Prices with Rating Upgraded

Bank of America Recommends China Hongqiao as Top Aluminum Stock, Target Price at HKD 45

HSBC Raises Target Price for RACER and CHALCO, Bullish on Aluminum Market

XY Securities Sees Aluminum Price Surge, Maintains Buy Rating on China Hongqiao

JPMorgan Outlines 2026 Outlook for China's Basic Materials Sector

Guo Jiayao and Deng Shengxing Recommend Buy Calls on Bioyard Green, China Hongqiao, China 太平 and Zhaogold Mining

Huachuang Securities Raises Target Price for ChinaHongqiao and Maintains 'Recommend' Rating

UBS and HSBC Maintain Buy Ratings for China Hongqiao with Target Prices of HKD 38.60 and HKD 37.40

Hongchuang Holding's Share Issuance to Purchase Assets Approved by Shenzhen Stock Exchange

HSBC Research Publishes Monthly Commodity Report, Predicts Positive Outlook for Base Metals and Gold

HSBC Maintains Buy Rating on China Hongqiao and Raises Target Price

Guotai Junan Raises Target Price for China Hongqiao to HKD 40.9

ChinaHongqiao Announces 30 Million HKD Donation to Support Disaster Relief Efforts in Ma Po District, Hong Kong

ChinaHongqiao Completes Placement and Subscription

Morgan Stanley Raises Target Price for China Hongqiao to HKD 44.7

PETRO-KING

SHANDONG MOLONG

CHK OIL

HAO TIAN INTL

CHINA FORTUNE

CHERISH SUN

GLOBAL UIN

DZUG

ZONQING LTD

06869

01138

01378

01787

01818

06288

00670

06613

02097

02888

YOFC(06869) rose 11.56%, with a trading turnover 6.8 Billion HKD, and a year-to-date rose 221.1%. COSCO SHIP ENGY(01138) rose 8.87%, with a trading turnover 3.1 Billion HKD, and a year-to-date rose 113.5%. FAST RETAIL-DRS(06288) fell 8.76%, with a trading turnover 109.4 Thousand HKD, and a year-to-date rose 11.7%. CHINA EAST AIR(00670) fell 7.93%, with a trading turnover 410.9 Million HKD, and a year-to-date fell 4.1%.

Top Gainers & Losers

YOFC

COSCO SHIP ENGY

CHINAHONGQIAO

SD GOLD

ZHAOJIN MINING

FAST RETAIL-DRS

CHINA EAST AIR

Lens

MIXUE GROUP

STANCHART

Top 5 HK Stock Gainers/Losers (>100B) (3.2)

TTNDY

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00HSI

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07200

03115

00669

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The Hang Seng Index rose by 0.5%, gaining 139 points to close at 26,706, reversing two days of losses. Trading was light ahead of the Spring Festival, but optimism grew due to easing Sino-U.S. tensions and expectations of support measures from Beijing following weak January CPI. The Hong Kong market will be closed for the holiday, reopening on Friday. Notable gainers included China Hongqiao Group (3.9%) and Techtronic Industries (3.5%).

Trading Economics

Techtronic Industries

FI CSOP HSI

Hang Seng Index

FI2 CSOP HSI

FL2 CSOP HSI

ISHARESHSI

TECHTRONIC IND

CSOP HSI ETF

Hong Song Closes 0.5% Higher in Holiday-Shortened Trading

SCHYY

01299

Hong Kong stocks rose 156 points (0.6%) to 26,723, ending a two-day decline, supported by a slight increase on Wall Street. Investors weighed January's lower inflation data against concerns in the AI sector. Trading was quiet ahead of the Lunar New Year holiday, with markets closing Tuesday and reopening Friday. Notable gainers included China Hongqiao Group (4.2%), AIA Group (2.6%), Techtronic Industries (1.9%), and Sands China (1.6%).

Sands China

AIA Group

SANDS CHINA LTD

GF Fund CSI HK Connect Financials(ex Banks) Thematic ETF

GF CSI HK Innovative Drugs Industry ETF(QDII)

TRACKER FUND

ChinaAMC Hang Seng ETF

Hang Seng TECH ETF I

ISHARESHSTECH

China Southern Hang Seng ETF

ChinaAMC Hang Seng Technology ETF(QDII)

Tianhong Hang Seng TECH ETF(QDII)

Hong Kong Stocks Trade Higher Ahead of Lunar Break

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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%

AASTOCKS

GF CSI Rare Metals Theme ETF

China Southern CSI SWS Non-Ferrous Metal ETF

Penghua Guozheng Non-ferrous Metal Industry ETF

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

Wanjia CSI Industry Non-Ferrous Metal Theme ETF

Guotai CSI Non-ferrous Metal ETF

Hwabao WP CSI Non-ferrous Metal ETF

Dacheng Non-Ferrous Metal Futures ETF

Yinhua CSI Non-ferrous Metal ETF

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

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Zhaoyin International expects that the global aluminum market will continue to experience a supply shortage this year, with aluminum prices rising by 15% year-on-year. Although more production capacity may come online outside of China by 2027, the shortage will persist, and aluminum prices will remain high. It is anticipated that global aluminum production capacity will grow by 1.3%, 2.6%, and 1.7% from 2026 to 2028, respectively. Transportation and power electronics will drive the growth of aluminum demand in China. The bank has initiated coverage on CHUANGXIN IND with a "Buy" rating, while maintaining a "Buy" rating on CHINAHONGQIAO, with a target price updated to 45 yuan

CHUANGXIN IND

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

According to "The Big Banks," CMB International expects aluminum prices to rise by 15% this year, with the aluminum market continuing to face supply shortages

China Hongqiao's subsidiary Hongqiao Holdings forecasts that its profit for the fiscal year 2025 is expected to be between RMB 17 billion and RMB 20 billion, a change from the previous year's RMB 17.2 billion. After deducting non-recurring gains and losses, the expected net loss is between RMB 300 million and RMB 410 million, while the adjusted loss for the previous year was RMB 86.26 million. During this period, Hongqiao Holdings acquired 100% equity of Hongtuo Industrial through the issuance of shares, resulting in a non-recurring gain or loss of approximately RMB 18 billion to RMB 21 billion

CHINAHONGQIAO's subsidiary Hongqiao Holdings forecasts a profit of 17 billion to 20 billion RMB last year

China Hongqiao Group Ltd.’s subsidiary, Hongqiao Holdings, has acquired 100% of Shandong Hongtuo Industrial through a share issuance. The acquisition will be reflected in Hongqiao Holdings' consolidated financial statements after the asset transfer and registration procedures are completed on December 31, 2025. Both companies are under the same ultimate control, and the transaction is classified as a business combination under common control according to accounting standards.

Reuters

Hongqiao Holdings Acquires 100% Stake in Shandong Hongtuo Industrial

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The Hang Seng Index's intraday increase expanded to 2%, and the Hang Seng Technology Index rose by 1.4%. CNOOC and CHINAHONGQIAO both increased by over 5%, while SINOPEC CORP, CHINA TELECOM, and CHINA UNICOM rose by over 4%

Wallstreetcn

CNOOC

CNOOC F03 N3305

CNOOC F13 N4305

HSTECH ETF

Sinopec Corp.

CNOOC F12 N4205

CHINA TELECOM

SINOPEC CORP

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

CSOP HS TECH

Hang Seng TECH Index

GX HS TECH

China Unicom

CAM HS TECH

PETROCHINA

CHINA UNICOM

02318

TCEHY

00700

TCTZF

The Hang Seng Index closed at 27,126 points, up 361 points or 1.4%. The Hang Seng TECH Index reported 5,754 points, up 28 points or 0.5%. The total market turnover was HKD 254.373 billion. China Life, AIA, HSBC, CHINAHONGQIAO, and WH GROUP all reached new highs with active trading. Among the active blue-chip stocks, Alibaba rose 2.8%, Ping An rose 2.3%, and Tencent rose 1.3%. Among small and medium-sized stocks, ZONQING LTD rose 21.3%

PING AN

Tencent

WH GROUP

TENCENT

CHINA LIFE

Ping An

China Life

BABA-W

Alibaba

Tencent Holdings Limited

According to the All-Day Express, the Hang Seng Index rose by 361 points; the Hang Seng TECH Index rose by 28 points. China Life rose by over 5%. China Life, AIA, HSBC, China Hongqiao, and WH Group reached new highs with active trading

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The Hang Seng Index closed at 27,055 points, up 290 points or 1.1%. The Hang Seng Tech Index reported 5,737 points, up 11 points or 0.2%. The China Enterprises Index rose 78 points or 0.9%, closing at 9,226 points. Among the active heavyweights, Alibaba rose 2.2%, Ping An rose 1.9%, and Tencent rose 1.1%; Hang Lung Properties fell 4.4%, Zijin Mining hit a new high, rising 4.1%. HSBC, China Hongqiao, WH Group, and CLP Holdings all reached new highs

HANG LUNG PPT

ZIJIN MINING

HANG LUNG GROUP

CLP HOLDINGS

The Half-Day Report: The Hang Seng Index rose 290 points; the Hang Seng Tech Index rose 11 points. HANG LUNG PPT fell over 4%. ZIJIN MINING, HSBC, CHINAHONGQIAO, WH GROUP, and CLP HOLDINGS hit new highs

CHINAHONGQIAO (1378.HK) continued to approach previous highs in today's early trading, with sector sentiment remaining high, but divergence signals are gradually emerging. From a technical perspective, the daily MACD formed a new golden cross signal today, indicating short-term momentum release, with clear upward trends in the 5-day and 10-day moving averages. There has been a significant influx of large orders yesterday and today, with main funds continuously pushing up the stock price, showing a high level of bullish activity. Although the driving force is strong, as the stock price approaches a densely traded area, historical trapped positions and short-term funds are simultaneously exiting, resulting in noticeable intraday volatility. The fund flow shows that after a morning surge, some funds took profits in batches, increasing selling pressure in phases. At the same time, macro-level fluctuations in aluminum prices and differentiated downstream demand have led some funds to remain cautious and on the sidelines. 

In terms of the industry, the overall prosperity of the aluminum industry improved in the first half of this year. As an industry leader, CHINAHONGQIAO benefits from capacity release and cost control, with bright performance expectations attracting market inflows. However, risks from peer competition and sector differentiation cannot be ignored. If there are no new positive stimuli from news sources, the divergence game will inevitably intensify stock price volatility, and short-term trends may exhibit wide fluctuations. 

In terms of operational strategy, it is recommended to adopt a strategy of buying in batches at low prices and selling high in the short term, avoiding chasing highs. If main funds can continue to flow in and the sector's heat increases, there is hope for a breakthrough in the pressure zone to form a new upward trend; otherwise, it may easily be affected by volatility and undergo a pullback correction. Investors are advised to closely monitor changes in volume and market conditions, strictly control positions, and be wary of high-level volatility risks

Technical Forecast

Morning Trend | CHINAHONGQIAO Approaches Stage Pressure, Divergence Intensifies Causing Volatility?

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In the Hong Kong stock market, the three major indices are under overall pressure, with the Hang Seng Index, Hang Seng Tech Index, and the National Enterprises Index all experiencing slight declines. There is a clear divergence among sectors, with the internet content and information and retail sectors showing volatility, while the aluminum sector has weakened significantly. Nanshan Aluminum International has plummeted during the session, becoming the focus of the decline, and Tencent Holdings continues its adjustment. Popular new stocks like Tianneng Intelligent Chip and Yaojie Ankang are performing actively, with significant gains. Current investment sentiment continues to be sensitive to imports and exports, retail sales, and the exchange rate of the Renminbi

- The Hong Kong stock market shows slight pressure with major indices experiencing declines, including the Hang Seng Index at 26,523.41, down 0.23%.  
- The tech sector faces volatility, with Tencent Holdings down 0.99% amidst overall market weakness, while Baidu rose 2.60%.  
- Investor focus remains cautious due to uncertainties in global capital flows and policy outlooks, despite some stocks like Tensyn and DrugSafe garnering significant attention and gains.

Market Heartbeat

BIDU-SW

KUAISHOU-W

JD-SW

NANSHAN AL INTL

MNSO

ILUVATAR COREX

TRANSTHERA-B

DRINDA

SHIFANG HLDG

MINTH GROUP

Hong Kong stock market intraday | Hang Seng Index under pressure, aluminum sector plummets, Nanshan Aluminum International drops 8.42%, Tianneng Intelligent Chip leads in gains

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Hong Kong stocks rose 32 points (0.1%) to 26,518, breaking a four-session losing streak, influenced by stronger U.S. futures. The rebound was led by tech and consumer sectors, reflecting gains in mainland markets after the People's Bank of China maintained lending rates. However, investor caution persisted ahead of upcoming inflation data and business confidence readings. Notable early movers included Wuxi Biologics (2.6%), SMIC (2.5%), Zijin Mining (2.2%), and China Hongqiao Group (1.9%).

HU-CHQG@EC2609A(25061.HK)

Top 5 HK Stock Gainers/Losers (>100B) (3.2)

Hong Song Closes 0.5% Higher in Holiday-Shortened Trading

Hong Kong Stocks Trade Higher Ahead of Lunar Break

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

According to "The Big Banks," CMB International expects aluminum prices to rise by 15% this year, with the aluminum market continuing to face supply shortages