Citigroup has initiated a 30-day negative catalyst observation against Aluminum Corporation of China.
According to the intelligence of the finance and economics app, Citigroup released a research report stating that due to the possible slowdown in aluminum demand in the short term and slight quarterly decline in profitability of aluminum business in the third quarter, it initiated a 30-day negative catalyst observation against Aluminum Corporation of China (02600) . The rating is "buy" with a target price of HKD 7.88.