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Goldman Sachs rates Chalco at “buy”, targeting at 28 HK dollars |
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Written by Administrator
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Monday, 17 September 2007 |
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BEIJING, Sept. 11 (InfoChina) – Goldman Sachs Tuesday gave a “buy” rating on Aluminum Corp of China (Chalco, ACH: NYSE, 2600: HK, 601600: SH) and up adjusted its 12-month target price by 51.4 percent to 28 Hong Kong dollars.
Goldman Sachs also maintained “positive” outlook of Chalco in consideration of possible capital injection from its parent company, launch of new refining facilities and unification of enterprise income tax rate for domestic and foreign capital companies. The H-stock price of Chalco ended at 20.35 H.K. dollars Tuesday, up 1.07 H.K. dollars or 5.55 percent. (Edited by Liu Ya’nan) |
China Stock News