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<Research>Sinolink Securities Expects Electrolytic Aluminum Sector Profits to Hit New Highs, Aluminum Sector to Become Quality Premium Asset
Recommend 20 Positive 32 Negative 19 |
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LME aluminum futures jumped up 2.3% to US$3,085.5 per ton, while LME copper futures leaped 4.2% to US$12,991.5 per ton. Precious metal stocks were popular in the market, with CHINAHONGQIAO (01378.HK) seeing support today. It once shot up 8.2% to a high of $35.94 during the intraday trading session, and last swelled 6.4% to $35.32, with a turnover of $1.541 billion. CHALCO (02600.HK) elevated 2.7% to $13.4. JIANGXI COPPER (00358.HK) mushroomed 6.8% to $45.34, while ZIJIN MINING (02899.HK) advanced 4.9%. Sinolink Securities recently released a research report believing that supply and demand will dominate the new landscape, ushering in a new era for copper. For electrolytic aluminum, the broker expected aluminum prices to moderately rise this year, continuously setting new highs during the year. In terms of copper-aluminum substitution, rising copper prices stimulated demand for substituting copper with aluminum. In the air conditioning sector, industry leaders such as MIDEA GROUP (00300.HK) and Haier are advancing the application of aluminum in place of copper. For domestic electrolytic aluminum companies, due to supply-side ceiling constraints, future capital expenditure will significantly decline, while profit will continue to expand, with strong willingness to distribute dividends by companies, making the aluminum sector a high-quality premium asset. AASTOCKS Financial News Website: www.aastocks.com |
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