Shares of Aluminum Corporation of China Limited (CHALCO) surged 5.45% on Thursday, November 1st, despite the company reporting slightly weaker-than-expected revenue in its third-quarter earnings results.
CHALCO's Q3 revenue came in at CN¥111 billion, missing analysts' estimates of CN¥114.4 billion by 2.8%. However, the company's earnings outlook for 2025 remained largely intact, with analysts forecasting a 17% increase in earnings per share to CN¥0.70.
Despite the modest earnings miss, analysts remain optimistic about CHALCO's growth prospects, projecting a solid 15% revenue growth in 2025 compared to the previous 12 months. The consensus price target for CHALCO's stock remains at HK$6.57, implying an upside potential of around 33% from the current levels.
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