---
title: "Understanding the Market | CHINAHONGQIAO rises over 6% and continues to hit new highs, Citigroup expects aluminum industry gross profit to remain high in the long term, and the company's dividend yield remains attractive"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/264542035.md"
description: "CHINAHONGQIAO rose over 6% in early trading, reaching a historic high of HKD 31.08. Citigroup expects aluminum industry gross profits to remain high in the long term, raising the company's earnings forecast for 2025-2027 and maintaining a \"Buy\" rating, with a target price increased to HKD 36. The company focuses on a high dividend payout ratio, with a projected dividend yield of 6.7% in 2026"
datetime: "2025-11-06T01:54:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/264542035.md)
  - [en](https://longbridge.com/en/news/264542035.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/264542035.md)
---

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# Understanding the Market | CHINAHONGQIAO rises over 6% and continues to hit new highs, Citigroup expects aluminum industry gross profit to remain high in the long term, and the company's dividend yield remains attractive

According to the Zhitong Finance APP, CHINAHONGQIAO (01378) rose more than 6% in early trading, reaching a high of HKD 31.44, continuing to set a new historical high. As of the time of publication, it is up 5.36%, reported at HKD 31.08, with a trading volume of HKD 263 million.

Citi released a research report stating that the aluminum industry remains one of Citi's most favored sectors, as the bank expects aluminum supply to remain tight, thanks to China's capacity limit policy (annual capacity of 45.2 million tons) and the lack of explosive capacity increases in Indonesia, which will lead to sustained high aluminum industry gross margins in the long term. The bank has raised its earnings forecasts for CHINAHONGQIAO for 2025/26/27 by +2%/+5%/+7%, to RMB 24.4 billion/27.9 billion/30.3 billion, reflecting higher aluminum and alumina sales and higher average aluminum price forecasts.

It is worth noting that focusing on shareholder returns, the company is concentrating on maintaining a high dividend payout ratio and share buybacks. Despite strong stock performance year-to-date, as of the close on November 4, the forecast dividend yield for CHINAHONGQIAO in 2026 remains attractive at 6.7%. Citi expects CHINAHONGQIAO to continue benefiting from sustained high aluminum industry gross margins, and the stock will continue to receive valuation reassessment. Maintaining a "Buy" rating on CHINAHONGQIAO, the target price has been raised from HKD 25.2 to HKD 36, and CHINAHONGQIAO remains its preferred stock

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