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home / news releases / ACH - Chalco: Impairments And Aluminum Price Outlook In The Spotlight

ACH - Chalco: Impairments And Aluminum Price Outlook In The Spotlight

Aluminum Corporation of China Limited American Depositary Shares
  • Chalco's net income decreased by -13% YoY to RMB741.0 million in FY 2020 as a result of significant impairments, and this was below expectations.
  • The outlook for aluminum price in 2021 is positive in general, but this is complicated by rumors of potential government intervention.
  • Chalco is valued by the market at 18.4 times consensus forward FY 2021 P/E, and it also trades at 0.88 times P/B.

For further details see:

Chalco: Impairments And Aluminum Price Outlook In The Spotlight
Stock Information
Company Name: Aluminum Corporation of China Limited American Depositary Shares
Stock Symbol: ACH
Market: NYSE
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