Societe Generale Securities released a research report stating that maintaining China's Hongqiao (01378.HK) “buy” rating, the net profit for 24/25/26 is estimated to be 202.73/204.36/20.56 billion yuan, respectively. Since April, aluminum prices have continued to rise above the 20,000 yuan level, and the cost side has continued to fall. The bank estimates that currently the Hongqiao Shandong Division's net profit per ton is around 3,700 yuan, and the Yunnan division's net profit per ton is close to the level of 3,000 yuan. In 2024, high elastic performance will continue to be released.
兴业证券：中国宏桥(01378.HK)2024将延续高弹性业绩释放 维持“买入”评级
Societe Generale Securities: China Hongqiao (01378.HK) will continue to release highly flexible performance in 2024 and maintain a “buy” rating
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.