Chalco 2600

Re: Chalco 2600

Postby winston » Wed Dec 12, 2012 2:31 pm

not vested

CHALCO (02600.HK) kept Sell, TP lowered to $2.65 by UBS

UBS adjusts aluminium price forecast for 2012-14 by -2%, 0% and -1% to US$0.91/1.01/1.11 per pound to show slow progress made in closing high-cost production capacity, as the government backs aluminium production to keep employment opportunities.

UBS believes aluminium price would be obstructed by excessive supply, despite a mild demand growth.

The broker adjusts CHALCO (02600.HK)'s earnings per share forecast for 2012-14 from RMB-0.46/-0.13/0.19 to RMB-0.49/0.13/0.16.

CHALCO is maintained Sell with target price lowered from $2.81 to $2.65.


Ssource: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 104168
Joined: Wed May 07, 2008 9:28 am

Re: Chalco 2600

Postby winston » Wed Jan 30, 2013 7:43 am

not vested

Chalco warns of 'substantial loss'

Aluminum Corporation of China (2600), China's largest alumina maker, expects to have incurred a substantial loss last year due to falling sales price and rising raw material costs.

The company's troubles date back to 2009 when it recorded a net loss of 4.64 billion yuan (HK$5.78 billion) in the global financial crisis.

"We already sent out a profit alarm in the third-quarter report. But according to preliminary information, we estimate a substantial loss in 2012," Chalco said in a filing to the Shanghai exchange yesterday.

During January to September, the aluminum maker incurred a net loss of 4.34 billion yuan.

"Demand for aluminum was low and the sales price fell around 7 percent from a year back," Chalco said. It also attributed the hike in the price of bauxite - a key raw material - which rose 4 percent year-on-year for its woes.

"We will take proactive measures to offset the loss in 2013," Chalco vowed.

The warning came after the market closed. Chalco shares gained 0.54 percent yesterday to HK$3.75.


Source: The Standard HK
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 104168
Joined: Wed May 07, 2008 9:28 am

Re: Chalco 2600

Postby winston » Thu Jul 31, 2014 10:38 am

not vested

<Research Report>CHALCO (02600.HK) rated Underweight, target lowered to $2.28 - HSBC
May 12, 2014

According to the latest research report by HSBC, CHALCO (02600.HK) had resumed profitability last year by disposing assets, yet the high costs remain unresolved.

The group is currently determined to reduce electricity cost and out-dated capacities, targeting to enhance its self-sufficiency in next 1-2 years.

The bank believed restructuring will be the key of CHALCO's transformation.

HSBC pointed out the weak aluminum price will hinder profitability.

Target price was trimmed from $2.42 to $2.28, and shares were rated Underweight.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 104168
Joined: Wed May 07, 2008 9:28 am

Re: Chalco 2600

Postby winston » Thu Aug 07, 2014 11:54 am

not vested

<Research Report>CHALCO (02600.HK) maintained at Underperform with target at $2.2 by CS

On the State-owned Assets Supervision and Administration Commission of the State Council (SASAC)'s announcement that Ministry of Industry and Information Technology (MIIT) had officially confirmed Chinalco as a major operator in rare earths industry consolidation, fueling CHALCO (02600.HK)'s stock by 10% yesterday, Credit Suisse said in its latest research report.

However, the bank believed that it would have slight impact on the company in view of the small profit contribution and the difficulty of asset injection.

The bank reaffirmed the company's rating as Underperform, and maintained its target price at $2.2. ~

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 104168
Joined: Wed May 07, 2008 9:28 am

Re: Chalco 2600

Postby winston » Wed May 23, 2018 1:14 pm

not vested

April 24, 2018

<Research Report>Citi: CHALCO Correction Provides Buying Opportunity, Valuation Below Mean Since 2006

Citigroup's report had it that CHALCO(02600.HK)?s 1Q aluminum business might get close to break-even.

It expected SHFE aluminum price would correct in the short term after major corrections in LME price and saw buying opportunity following such adjustments.

The broker further pointed out that CHALCO shares currently trade at 1.2 times of 2018 PB forecast, below mean since 2006.

It reiterated the company, rated Buy, as top-pick at the target price $10.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 104168
Joined: Wed May 07, 2008 9:28 am

Previous

Return to C

Who is online

Users browsing this forum: No registered users and 1 guest