Professional
Added to YB: 2024-10-22
Pitch date: 2024-10-18
1378.HK [bullish]
China Hongqiao Group Limited
+174.19%
current return
Author Info
No bio for this author
Company Info
China Hongqiao Group Limited, an investment holding company, manufactures and sells aluminum products in the People's Republic of China and Indonesia.
Market Cap
HKD 115.9B
Pitch Price
HKD 11.92
Price Target
19.60 (-40%)
Dividend
8.82%
EV/EBITDA
4.45
P/E
6.51
EV/Sales
1.12
Sector
Metals and Mining
Category
growth
China Hongqiao (1378 HK) – A key beneficiary of tight aluminum supply
1378.HK: Al/alumina prices to rise 6%/25% in 2024E on tight supply & rising demand. Hongqiao (9% global Al share) to benefit from margin expansion via vertical integration. TP HK$19.6 (47% upside) at 9.8x 2024E P/E. Catalysts: supply disruptions, US rate cuts, China stimulus. Risks: supply easing.
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