Earnings Alerts

Aluminum Corporation Of China (2600) Earnings: Prelim 1H Net Income Surges by 90% to 114%

  • Chalco’s preliminary net income for the first half of 2024 rose significantly.
  • Net income increased by 90% to 114% compared to the previous period.
  • Earnings are expected to be between 6.5 billion yuan and 7.3 billion yuan.
  • Analyst recommendations for Chalco include:
    • 12 buy ratings
    • 2 hold ratings
    • 1 sell rating

A look at Aluminum Corporation Of China Smart Scores

FactorScoreMagnitude
Value4
Dividend2
Growth4
Resilience2
Momentum5
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

To assess the long-term outlook for Aluminum Corporation Of China, we turn to the Smartkarma Smart Scores, a comprehensive rating system that evaluates key aspects of a company. Aluminum Corporation Of China has received a high score in Momentum, indicating strong positive price trends and investor sentiment, which bodes well for its future performance. Additionally, the company has scored well in terms of Value and Growth, showcasing promising fundamentals and growth potential. However, the scores for Dividend and Resilience are lower, suggesting potential areas for improvement. Overall, Aluminum Corporation Of China appears to have a positive outlook driven by momentum, value, and growth factors.

### Summary: Aluminum Corporation of China Limited, also known as Chalco, is a major player in the production of alumina and primary aluminum in China. The company operates by refining bauxite into alumina and then smelting alumina to create primary aluminum. ###


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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