Stocks in Hong Kong are fluctuating. China Hongqiao has risen more than 3% again to reach a new high. The outlook for aluminum prices is strong and the company has a high dividend payout ratio. Several major banks have raised their target price for the company.

According to the Wise News Finance APP, China Hongqiao (01378.HK) rose more than 3% in early trading, reaching a high of 19.34, a new historical high. As of the time of publication, it has risen by 3.76% to 19.32 Hong Kong dollars, with a trading volume of 202 million Hong Kong dollars.