BUZZ-Aluminum Corporation of China rises on Q1 profit surge

Reuters
25 Apr
BUZZ-Aluminum Corporation of China rises on Q1 profit surge

** HK shares of Aluminum Corporation of China 2600.HK rise 3.6% to HK$4.36, highest since April 14

** Stock set for biggest one-day pct gain since April 10

** Shanghai-listed stock 601600.SS rises 2.8 to 6.66 yuan, highest since April 14

** Co's Q1 net profit jumps 58.8% y/y

** Citi ("buy") says Q1 FY25 net profit in line with estimate

** Adds, "We lowered our preference of aluminum in the pecking order recently, considering potential demand slowdown from solar power industry and due to the impact of US tariff in the short term"

** YTD, HK stock down 2.5%, Shanghai shares down 9.7%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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