Deutsche Bank gives China Hongqiao (01378.HK) a "Buy" rating: the inflection point for free cash flow is approaching, and it is expected that over the next five years, cumulative returns through dividends and stock buybacks will exceed the current market value by 60%.

According to the Zhitong Finance APP, Deutsche Bank recently published a research report, resuming coverage of China Hongqiao (01378.HK), one of the largest aluminum companies in the world, with a "Buy" rating and a target price of HKD 33. The report pointed out that although the company's stock price has dropped this year due to sentiment issues in the Asian aluminum sector, the fundamentals are facing a significant inflection point in free cash flow (FCF), and the current valuation is highly attractive.