- CHALCO's net profit attributable to shareholders surged by +301% YoY to RMB416 million in 3Q 2020, driven by an increase in the price of primary aluminum and better cost control.
- The new Boffa bauxite project, which commenced operations in April 2020, could help CHALCO increase its proportion of internally-sourced bauxite, optimize raw material costs and diversify raw material sourcing.
- CHALCO trades at 0.82 times trailing P/B and 29.4 times consensus forward FY 2021 P/E.
For further details see:
Aluminum Corporation Of China: Near-Term Positives Priced In