Citibank: Lowering the target price of Aluminum China (02600) to HK$7.6, hoping to start a 30-day positive catalytic observation

The Zhitong Finance App learned that Citi released a research report stating that it has lowered China Aluminum's (02600) net profit forecast for this year and next by 8% and 5%, respectively, to reach 12.9 billion yuan and 14 billion yuan respectively, and the net profit for 2027 is expected to be 14.7 billion yuan. The bank lowered China Aluminum's target price from HK$8.89 to HK$7.6, maintaining a “buy” rating. The company's stock price last year and so far surpassed that of its colleague China Hongqiao (01378). Since predicting a dividend rate of 7% this year is an attractive and potential repurchase (subject to approval), considering potential changes in the Group's shareholder return policy, we have begun a 30-day positive catalytic observation of the Group.