"Big Banks" Bank of America Securities: "Year of the Red Horse" Preferred Aluminum Stocks, Pessimistic on Construction and Solar Materials, Top Stock Picks are Chalco, Zijin Mining, CHINAHONGQIAO, SD GOLD, and Ganfeng Lithium
Bank of America Securities released a research report, stating that 2026 is the "Year of the Red Horse," optimistic about aluminum stocks, predicting a price-to-earnings ratio of 8 to 10 times, with a preference for China Aluminum, Zijin Mining, CHINAHONGQIAO, SD GOLD, and Ganfeng Lithium. They hold a pessimistic view on construction and solar materials due to weak demand and poor policy enforcement
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