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<Research>BofAS: Top Picks for 'Yr of Fire Horse' in Aluminum Stocks; Building/ Solar Materials Downplayed; Top Picks Chalco, Zijin, Hongqiao, Shandong Gold, Ganfeng
Recommend 21 Positive 32 Negative 16 |
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2026 is the “Year of the Fire Horse”, which is conducive to electrification and AI power infrastructure in the Chinese basic metals market this year, BofA Securities said in its research report. Regarding stock recommendations, the broker prioritized aluminum stocks (as an alternative investment in AI power supply), and held a Buy view on gold, copper, lithium (including battery materials), and cobalt stocks. It was Neutral on coal; and bearish on solar energy and building materials (such as steel), mainly due to feeble demand, weak short-term implementation of anti-involution policies, and subsiding steel profit margins. The broker’s top picks included CHALCO (02600.HK), ZIJIN MINING (02899.HK), CHINAHONGQIAO (01378.HK), SD GOLD (01787.HK), and GANFENGLITHIUM (01772.HK). BofA Securities noted that key underperforming stocks included TONGWEI (600438.SH), XINYI SOLAR (00968.HK), ANGANG STEEL (00347.HK), and CR BLDG MAT TEC (01313.HK). Detailed ratings and target prices for these stocks are listed in a separate table. AASTOCKS Financial News Website: www.aastocks.com |
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