On August 19, CHINAHONGQIAO fell 3.14% in regular trading, trading at HKD 22.54/share, with turnover of HKD 109 million.

On the news front, strengthening expectations for Middle East electrolytic aluminum capacity restarts are exerting downward pressure on aluminum prices. Brokerage research indicates that faster-than-expected restart progress at several million-ton-level Middle East aluminum projects has weighed heavily on both LME and Shanghai aluminum prices, which have retreated after recent rallies. While production cuts at a Brazilian alumina plant provide short-term supply support, the anticipated Middle East capacity additions have eased market concerns over global aluminum supply deficits.

Within the Aluminum sector, stocks broadly declined. CHALCO fell 1.5%, CHUANGXIN IND fell 2.42%, NANSHAN AL INTL fell 1.69%, while RUSAL rose 0.65% and XINGFA ALUM was flat.

The company's board is scheduled to review interim results on August 21. A prior profit alert forecasts approximately 39% year-over-year growth in first-half net profit, primarily driven by higher aluminum alloy selling prices. Deutsche Bank and Dongwu Securities have both initiated coverage with Buy ratings, with Deutsche Bank setting a target price of HKD 33.

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