CMBC International: Aluminum sector fully digested negative news, attractive valuation, maintain "buy" rating on China Hongqiao (01378.HK)

According to the Wise Finance APP, CICC International released a research report stating that the recent pressure on the aluminum sector is due to factors such as easing of the situation in the Middle East, potential changes in Guinea's bauxite export policy, and fund rotation. However, most market concerns have been largely reflected in stock prices. After a recent pullback, China Hongqiao's stock price has returned to historically low levels, with attractive dividend returns. The stabilization of aluminum prices and potential share buybacks are expected to become positive catalysts.