Citigroup: Raises target price for China Merchants Port to HKD48, maintains as top pick in the industry.

The Citibank report stated that the aluminum industry is still its favorite sector, as supply will continue to be tight due to the impact of the Middle East situation, and it may take a longer time for aluminum production capacity to recover. Based on yesterday's closing price, China Hongqiao's forecasted dividend yield for the 2026 fiscal year is 6.4%, which is attractive. The company also provides attractive dividend payments and share buyback guidance, focusing on shareholder returns. The bank has raised its target price from HK$36 to HK$48, maintaining it as the top pick in the industry with a "buy" rating.