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ACH - Chalco: Third-Quarter Results Overshadowed By Policy Headwinds
Aluminum Corporation of China Limited American Depositary Shares
Chalco's recent quarterly results were good, as the company delivered strong top line and bottom line growth in Q3 2021.
But Chalco's Q3 results are overshadowed by policy headwinds in China, which could have a negative impact on the company's future financial performance.
Chalco is valued by the market consensus forward FY 2021 and FY 2022 normalized P/E multiples of 10.3 times and 9.4 times, respectively.