Citibank: lowers Aluminum Corporation Of China (02600) target price to HKD 7.47, maintains "buy" rating.

Citibank released a research report stating that due to the expected rise in aluminum and alumina prices, the earnings forecast for Aluminum Corporation Of China (02600) for the years 2025 to 2027 has been raised by 5%, 11% and 13%, respectively to 13.5 billion, 15.5 billion and 16.6 billion Chinese yuan. The bank has lowered the target price for Chinalco's H-shares from HK$7.6 to HK$7.47, and maintains a "buy" rating.