On March 20, Gelonghui reported that Morgan Stanley released a research report indicating that due to the continuous decline in raw material prices and the gradual tightening of the Global aluminum market, Aluminum profit margins are expected to continue to expand. The firm anticipates that Aluminum production will not increase; instead, the supply of raw materials at parity continues to rise. It believes that under the gradually tightening Global aluminum market, Aluminum producers will enjoy margin expansion and higher profitability this year. The firm prefers Stocks that are highly sensitive to aluminum prices. The Target Price for CHINAHONGQIAO has been raised from 15.4 HKD to 19.8 HKD, with a rating of 'Shareholding', considered the industry's top choice; at the same time, the Target Price for Aluminum Corporation Of China has been increased from 5.5 HKD to 7 HKD, with a rating of 'Shareholding'.

- Headlines
- Major firm rating | Morgan Stanley: Upgraded CHINAHONGQIAO's Target Price to HKD 19.8, seen as the industry preferred choice.
大行评级|大摩:上调中国宏桥目标价至19.8港元 视为行业首选
Major firm rating | Morgan Stanley: Upgraded CHINAHONGQIAO's Target Price to HKD 19.8, seen as the industry preferred choice.
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