UB#CHQG RC2612E

Sudan Hongqiao's Q1 Revenue and Net Profit Grew by 3.4% and 30.3% Respectively

SD Hongqiao New Materials Reports Q1 2026 Net Profit Increase

China Hongqiao repurchased 11,276,000 shares at HKD 33.99 per share

China Hongqiao to Use Net Proceeds for Bauxite Procurement, Debt Refinancing, Overseas Projects and Share Repurchase

CMB Analyst Maintains Buy Rating for China 宏桥 Group, Target Price at HKD45

China Hongqiao Group Seeks to Issue $1.5 Billion Convertible Bonds

Huayuan Securities Gives ChinaHongqiao a 'Buy' Rating

Zhongguo Hongqiao Releases 2025 ESG Report with Carbon Goals

Shandong Hongqiao Aluminum reports 37.56% growth in net profit for Q1

Shenwan Hongyuan Maintains 增持 Rating for China Hongqiao

Guolian Minsheng Securities Recommends China Hongqiao Stock with Profit Forecast for 2026-2028

China Hongqiao Announces 2025 Annual Report, Net Profit Up 1.2% YoY

Guotai Junan International Maintains Buy Rating and Target Price for China Hongqiao

Citi Raises Target Price for China Hongqiao to HKD 48, Maintains Buy Rating

West China Securities: China Hongqiao's 2025 Performance Growth, Maintain 'Buy' Rating

China Hongqiao repurchased 2.439 million shares for HKD 83.7584 million

Jefferies Maintains Buy Rating and Adjusts Target Price for China Hongqiao

China Hongqiao repurchased 3.187 million shares for HKD105 million

UBS and DBS Maintain Buy Rating on China Hongqiao Group

ChinaHongqiao Group Repurchased 25,895,500 Shares

SOMERLEY CAP

NICHE-TECH SEMI

CPM GROUP

TIANLI HOLDINGS

FUTONG TECH

SINO ICT

COSMOS MACH

UBOT HOLDING

AHSAY BACKUP

GW TIANDI

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159608

516650

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China Hongqiao Group Ltd.'s subsidiary, Shandong Hongqiao New Material Co., Ltd., released its unaudited Q1 2026 results, revealing total assets of RMB 224.4 billion and shareholders' equity of RMB 131.9 billion. The company reported a decrease in total liabilities to RMB 92.6 billion, indicating improved capital strength. However, the board advised investors to be cautious with the unaudited figures and not to rely solely on them. The stock currently has a Buy rating with a price target of HK$45.00.

Tip Ranks

CHINAHONGQIAO

GF CSI Rare Metals Theme ETF

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

Wanjia CSI Industry Non-Ferrous Metal Theme ETF

Guotai CSI Non-ferrous Metal ETF

China Southern CSI SWS Non-Ferrous Metal ETF

Dacheng Non-Ferrous Metal Futures ETF

Penghua Guozheng Non-ferrous Metal Industry ETF

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

Yinhua CSI Non-ferrous Metal ETF

China Hongqiao Subsidiary Posts Unaudited Q1 2026 Results, Flags Caution for Investors

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01888

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02513

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WUXI APPTEC(02359) rose 13.57%, with a trading turnover 3.0 Billion HKD, and a year-to-date rose 45%. KB LAMINATES(01888) rose 7.35%, with a trading turnover 1.9 Billion HKD, and a year-to-date rose 170.1%. KNOWLEDGE ATLAS(02513) fell 12.52%, with a trading turnover 2.1 Billion HKD, and a year-to-date rose 588.5%. CATL(03750) fell 6.88%, with a trading turnover 9.3 Billion HKD, and a year-to-date rose 26.4%.

Top Gainers&Losers

WUXI APPTEC

KB LAMINATES

CHINA COAL

MUYUAN

FAST RETAIL-DRS

KNOWLEDGE ATLAS

CATL

HORIZONROBOT-W

GWMOTOR

Top 5 HK Stock Gainers/Losers (>100B) (4.28)

CHINA HONGQIAOannounced a proposed issuance of zero-coupon convertible bonds due 2027, with an initial principal amount of RMB10.2 billion and a conversion price of HKD43.9, reflecting a 25.3% premium over the previous closing price. The expected net proceeds of approximately USD1.469 billion will be allocated for aluminum raw material procurement, debt refinancing, overseas investments, share repurchases, and general corporate purposes. The company plans to repurchase around 11.276 million shares at HKD33.99 each as part of the offering.

AASTOCKS News

CHINA HONGQIAO  Plans Convertible Bonds at 25.3% Premium; Expects Net Proceeds of USD1.469 Billion

China Hongqiao Group Ltd. plans to raise approximately US$1.47 billion by issuing RMB10.2 billion of U.S. dollar–settled zero-coupon convertible bonds due 2027. The bonds will have an initial conversion price of HK$43.90 per share, representing a premium to recent trading prices. Proceeds will be used for bauxite procurement, debt refinancing, overseas investments, share repurchases, and general corporate purposes. The transaction is subject to conditions, and investors are advised to exercise caution. The current analyst rating for the stock is a Buy with a price target of HK$45.00.

China Hongqiao to Raise US$1.47 Billion via Premium-Priced Convertible Bonds

CMB International Securities analyst Wayne Fung has maintained a Buy rating on China Hongqiao Group Ltd. with a price target of HK$45.00. The analyst has an average return of 19.0% and a 56.18% success rate on his recommendations. The overall analyst consensus for China Hongqiao Group Ltd. is a Strong Buy, with an average price target of HK$44.64.

SANY INT'L

YUEXIUTRANSPORT

SINOTRUK

CNHTC-JNTC

China Hongqiao Group Ltd. (1378): New Buy Recommendation for This Basic Materials Giant

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MONTAGE TECH(06809) rose 13.78%, with a trading turnover 1.4 Billion HKD, and a year-to-date rose 142.5%. HUAQIN(03296) rose 10.42%, with a trading turnover 539.8 Million HKD, and a year-to-date rose 26.1%. ILUVATAR COREX(09903) fell 9.37%, with a trading turnover 595.3 Million HKD, and a year-to-date rose 186.4%. SINOTRUK(03808) fell 5.97%, with a trading turnover 764.7 Million HKD, and a year-to-date rose 44.8%.

- The Hang Seng Index fell by 0.2%, with a year-to-date increase of 1.2%, while the Hang Seng Tech Index rose by 0.77%, accumulating a decline of 10.4% this year.  
- Langqi Technology (06809) saw a significant rise of 13.78%, with a turnover of HKD 1.37 billion, marking a year-to-date increase of 142.5%.  
- Conversely, Tianshu Zhixin (09903) decreased by 9.37%, with HKD 600 million in turnover, while China National Heavy Duty Truck Group (03808) dropped by 5.97%, with a year-to-date rise of 44.8%.

MONTAGE TECH

HUAQIN

OMNIVISION

YOFC

SMIC

ILUVATAR COREX

SIGENERGY

Top 5 HK Stock Gainers/Losers (>100B) (4.27)

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02600

CENX

KALU

Analysts from Mercuria, Goldman, and JPMorgan are raising alarms about a significant supply shock in the global aluminum market, primarily due to disruptions in the Gulf region. Mercuria's Nick Snowdon described it as the largest supply shock in base metals since 2000, with aluminum prices hitting a four-year high. The Gulf region, accounting for 9% of global supply, faces a potential 2 million-ton deficit by year-end, exacerbated by the US-Iran conflict. Analysts warn that the US and Europe, reliant on Middle Eastern aluminum, are particularly vulnerable to this crisis.

ZeroHedge

CHALCO

NANSHAN ALUMINIUM

Alcoa

Century Aluminum

Kaiser Aluminum

Mercuria, Goldman, JPMorgan See Major Aluminum Market Shock

BABA

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Hong Kong stocks fell today, with the Hang Seng Index dropping 140 points to close at 25,752 points. Alibaba and Xiaomi saw their stock prices decline by 4.3% and 5.6%, respectively. The market is focused on the US-Iran ceasefire negotiations, which are affecting US stock performance. Northbound trading recorded a net inflow of CNY 12.593 billion, with total turnover decreasing to CNY 244.977 billion. KNOWLEDGE ATLAS's stock price rose by 7%, while Yangtze Optical Fibre and Cable increased by 6.9%

AASTOCKS

Alibaba

BABA-W

XIAOMI-W

"Market Review" Hong Kong stocks retreat, Alibaba and Xiaomi under pressure, Hongqiao rebounds by 50%

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KNOWLEDGE ATLAS(02513) rose 7.02%, with a trading turnover 2.4 Billion HKD, and a year-to-date rose 699.9%. YOFC(06869) rose 6.94%, with a trading turnover 5.3 Billion HKD, and a year-to-date rose 365%. XPENG-W(09868) fell 5.37%, with a trading turnover 1.2 Billion HKD, and a year-to-date fell 15.6%. BYD COMPANY(01211) fell 4.68%, with a trading turnover 3.1 Billion HKD, and a year-to-date rose 6.8%.

- The Hang Seng Index fell by 0.54%, with a year-to-date increase of 0.5%.  
- The Hang Seng Tech Index dropped by 2.06%, showing a year-to-date decline of 12.6%.  
- Notable stock movements include a 7.02% rise for Zhihua (02513) and a 5.37% drop for XPeng Group-W (09868).

WEICHAI POWER

CHERY AUTO

XPENG-W

BYD COMPANY

CTG DUTY-FREE

GIGADEVICE

Top 5 HK Stock Gainers/Losers (>100B) (4.9)

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Citi raised the target price for CHINAHONGQIAO to 48 yuan, maintaining a "Buy" rating. The report pointed out that the aluminum industry outlook is optimistic, with supply tight due to the situation in the Middle East, and recovery of aluminum production capacity will take time. The expected dividend yield for the fiscal year 2026 is 6.4%, and the company focuses on shareholder returns, providing attractive dividend payments and share buyback guidance

Hwabao WP CSI Non-ferrous Metal ETF

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

UB#CHQG RC2612E(69314.HK)