On July 6, China Hongqiao rose 3.16% in regular trading, trading at HK$21.58/share, with turnover of HK$414 million.

On the news front, the aluminum sector continued to rally broadly, with peers CHUANGXIN IND up 4.26%, RUSAL up 3.64%, NANSHAN AL INTL up 3.03%, and CHALCO up 1.82%, reflecting sustained sector-wide recovery momentum. CITIC Securities issued a research note stating that pessimistic expectations for the aluminum industry have been excessively priced in, noting that aluminum prices had plunged from US$3,700-3,800/ton to US$3,000/ton between May and late June, and that concerns over China overcapacity and Indonesian capacity expansion have already been fully reflected in valuations.

Multiple institutions remain bullish on the stock. Citi reiterated its Buy rating with a target price of HK$48, viewing current share price weakness as a buying opportunity. CMB International also maintained its Buy rating, citing attractive valuations at 5.6x forward P/E and approximately 11% dividend yield after the sector pullback. Additionally, controlling shareholder purchases in June and S&P's upgrade to BB+ provide fundamental support.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)