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8 pts

Opinion on  Aluminum Corp. of China Ltd. (ACH)     Sector: Basic Materials  >  Industry: Metal Mining
to benefit from strong alumina and aluminum demand in the country.

Mar 26, 2008 10:00 AM UTC
Astukphoto
Return Risk
-38.52% LOW
Sr. Associate

Analyst Recommendation  

by Zacks
Chalco announced higher revenues but lower earnings in 2007, mainly due to production increases in primary aluminum products and alumina price declines. Although the gloomy outlook for the worldwide economy in 2008 will continue to pressure the price of alumina and aluminum, Chalco should continue to benefit from strong alumina and aluminum demand in China. We continue to view the company as having the best balanced value chain in China s aluminum industry. Moreover, the company plans to continue to aggressively increase its production capacity. Chalco s domestic acquisitions and offshore projects are also on the right track. Given its overall positive prospects, we are maintaining our Buy
recommendation on Chalco shares.

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ACH:  This call was made on 03/26/08 @ $39.15
Rating:   Positive   $39.15 (03/26/08)
Gain/Loss:   -75.35% in 239 days
Target:   $45.00 (+14.94%) in > one year
Allocation:   0.7% of portfolio


+ Referring to this analysis:


Comments (2)

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abates   N/A     1 point   commented 239 days ago reply

Do you think that a potential drawback in the price of basic materials will adversely affect his stock
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Astukphoto
Armin Stuk   20%     1 point   commented 236 days ago reply

Really I don't think so, as this drawback in the materials sector would be an excellent opportunity to buy this and other stocks within basic materials, though...IMO.

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Who voted on this idea?
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Thomas George 20% 04/16/2008
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Lavender Dilly 24% 03/26/2008


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