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Aluminum Corporation Of China Ltd (ACH) [hlAlert]

Rating:
Underweight
ACH
up 33.14 %

Aluminum Corporation Of China Ltd (ACH) rated Underweight by HSBC Securities

Posted on: Wednesday,  Aug 1, 2012  8:25 AM ET by HSBC Securities

HSBC Securities rated Underweight Aluminum Corporation Of China Ltd (NYSE: ACH) on 08/01/2012. Previously HSBC Securities rated Underweight Aluminum Corporation Of China Ltd (NYSE:
ACH) on 12/01/2008., when the stock price was $11.53. Since then, Aluminum Corporation Of China Ltd has lost 24.89% as of 12/07/2015's recent price of $8.66.
If you would have followed the previous HSBC Securities's recommendation on ACH, you would have gained 33.14% of your investment in 2562 days.

Aluminum Corporation of China Limited is principally engaged in the extraction of aluminum oxide, electrolyzation of virgin aluminum and the processing and production of aluminum. The Company operates its business through three segments: aluminum oxide segment, producing and selling aluminum oxide, aluminum hydroxide and gallium; virgin aluminum, providing virgin aluminum, carbon element products and aluminum alloys, and aluminum processing segment, offering casting products, slab band products, foils, squeezing products, forging products, powder products and die-casting products. The Company's gallium products include gallium metal and gallium oxide. The Company also provides remelted aluminum ingots. The Company's products are applied in construction, electricity, packaging, transportation, nondurable consumer goods, hard board material, wire and cable, ceramics, refractory material, laundry, petrochemical, and aero-space industries.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/1/2012 8:25 AM Sell
None
10.20
as of 12/31/2012
1 Week down  -5.39 %
1 Month down  -12.46 %
3 Months down  -17.57 %
1 YTD down  -10.27 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/1/2008 8:25 AM Sell
None
11.53

(*) Stock Price at the time of the recommendation.
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