Citi published a report including China's Hongqiao as a 30-day upward catalytic factor observation, believing that alumina prices are expected to remain strong in the short term due to limited supply of alumina and bauxite. Citibank maintains Hongqiao's “buy” rating. The target price is HK$14.8. Since the company has a high proportion of its own electricity, and aluminum profit margins are likely to remain at a high level for a long time, the company will be able to benefit from falling coal prices.

Citi published a report including China's Hongqiao as a 30-day upward catalytic factor observation, believing that alumina prices are expected to remain strong in the short term due to limited supply of alumina and bauxite. Citibank maintains Hongqiao's “buy” rating. The target price is HK$14.8. Since the company has a high proportion of its own electricity, and aluminum profit margins are likely to remain at a high level for a long time, the company will be able to benefit from falling coal prices.