MBALUCO@EC2608A

CT IND GROUP

KEEN OCEAN

EPI (HOLDINGS)

MOBI DEV

MS CONCEPT

NANFANG COMM

CCOE

HK ENT INTL

IDT INT'L

PUTIAN COMM

02423

00914

00005

02600

01208

00100

02513

06809

03986

09660

BEKE-W(02423) rose 5.63%, with a trading turnover 826.8 Million HKD, and a year-to-date rose 12%. CONCH CEMENT(00914) rose 5.53%, with a trading turnover 764.8 Million HKD, and a year-to-date rose 20.9%. MINIMAX-WP(00100) fell 14.38%, with a trading turnover 2.3 Billion HKD, and a year-to-date rose 356.7%. KNOWLEDGE ATLAS(02513) fell 10.75%, with a trading turnover 1.7 Billion HKD, and a year-to-date rose 382.4%.

- The Hang Seng Index rose by 0.66%, with a year-to-date increase of 4.4%, while the Hang Seng Tech Index fell by 0.19%, down 4.6% year-to-date.  
- Beike-W (02423) gained 5.63% with a trading volume of HKD 830 million, marking a 12% rise for the year, whereas Conch Cement (00914) increased by 5.53% with a trading volume of HKD 760 million, showing a 20.9% year-to-date gain.  
- MINIMAX-WP (00100) dropped 14.38% on a trading volume of HKD 2.27 billion, yet has surged 356.7% this year, while Zhiyuan (02513) fell 10.75% with a trading volume of HKD 1.68 billion, maintaining a year-to-date increase of 382.4%.

Top Gainers & Losers

BEKE-W

CONCH CEMENT

HSBC HOLDINGS

CHALCO

MINIMAX-WP

KNOWLEDGE ATLAS

MONTAGE TECH

GIGADEVICE

HORIZONROBOT-W

Top 5 HK Stock Gainers/Losers (>100B) (2.25)

000001

600585

601600

159876

159881

516650

561330

159871

159880

512400

The Shangai Composite Index went up by 30 points or 0.72 percent on Wednesday to close at 4147 points.The rise was led by Inner Mongolia BaoTou Steel (10.15%), Anhui Conch Cement (5.74%) and Aluminum Corporation of China (4.40%).On the downside, the weakerst performers were China International (-3.83%), China Coal (-1.80%) and Huatai Securities (-1.68%).

Trading Economics

SSE Index

Hwabao WP CSI Non-ferrous Metal ETF

Guotai CSI Non-ferrous Metal ETF

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

Yinhua CSI Non-ferrous Metal ETF

Penghua Guozheng Non-ferrous Metal Industry ETF

China Southern CSI SWS Non-Ferrous Metal ETF

The Shangai Composite Index Closes 0.72% Higher

BYDDY

560860

The National Bureau of Statistics report shows that in January, the PPI rose by 0.4% month-on-month, marking an increase for four consecutive months, with the growth rate expanding by 0.2 percentage points compared to the previous month. Key features include: the construction of a unified national market driving price increases in certain industries, increased demand leading to price rises in related industries, and input factors affecting the divergence in price trends. Specifically, the prices of cement and lithium-ion battery manufacturing both increased by 0.1%, photovoltaic equipment prices rose by 1.9%, and computer communication equipment prices increased by 0.5%. The rise in international non-ferrous metal prices has driven up prices in related domestic industries

Wallstreetcn

BYD Company

BYD COMPANY

CATL

Jinkosolar

BYD Company Limited

Guotai CSI All Share building Materials ETF

CNBM

ZIJIN MINING

Jinko Solar

Zijin Mining

Wanjia CSI Industry Non-Ferrous Metal Theme ETF

E Fund CSI All Share Building Materials ETF

Tongwei Co.,Ltd

JIANGXI COPPER

Fullgoal CSI All Share Building Materials ETF

CSCEC

JCCL

National Bureau of Statistics: In January, the PPI rose by 0.4% month-on-month, increasing for four consecutive months, with the growth rate expanding by 0.2 percentage points compared to the previous month

Aluminum Corporation of China Ltd. (CHINALCO) will hold its 2026 First Extraordinary General Meeting on March 27, 2026, in Beijing. The meeting will include voting on resolutions, such as adopting the cumulative voting method for electing directors or independent directors. This announcement was published via the Issuer Information Service by the Hong Kong Stock Exchange.

Reuters

CHINALCO Announces Date for 2026 First Extraordinary General Meeting

XPEV

159608

Citigroup's research report indicates that rising commodity prices will benefit the basic materials industry, particularly aluminum, copper, and lithium suppliers, giving companies like CHALCO a "buy" rating. However, automakers will face pressure from rising costs, especially XPeng and GAC GROUP. Second-tier companies in the battery industry face short-term challenges, while CATL has bargaining power. Solar module manufacturers and grid equipment manufacturers will also be affected by rising costs. In the technology sector, Xiaomi may face pressure from rising memory costs

AASTOCKS

XPeng

Invesco DB TR Base Metals ETF

SPDR S&P Mtls & Mng

GAC GROUP

XPENG-W

Guotai CSI 800 Automobile and Parts ETF

GF CSI Rare Metals Theme ETF

Citi expects that rising commodity prices will benefit basic materials, while automakers and second-tier battery manufacturers face pressure

Morgan Stanley has included China Aluminum A shares in its focus stock list for China and Hong Kong, removing Yangtze Power. China Aluminum is the largest aluminum producer in the country, with a legal aluminum production quota of 8.15 million tons, and plans to establish a joint venture with Rio Tinto to acquire nearly 69% of Brazil's aluminum assets. Morgan Stanley predicts that aluminum prices will remain high, with a tight industry fundamental, and expects strong profit margins for China Aluminum, giving it an "Overweight" rating

Morgan Stanley has included China Aluminum A shares in its focus stock list for China and Hong Kong

600219

Citi's research report pointed out that CHALCO plans to acquire the Brazilian aluminum shares held by Waterland through a cash purchase, which is expected to increase aluminum production capacity by 6%. The acquisition price is approximately RMB 6.286 billion, implying a forecasted price-to-earnings ratio of about 13 times for 2025. Citi believes that considering the expected rise in aluminum prices, this acquisition is attractive and maintains CHALCO as the industry preference, with a target price of HKD 15.94 and a rating of "Buy."

NANSHAN ALUMINIUM

According to Citigroup in "The Big Banks," the acquisition by CHALCO is expected to increase aluminum production capacity by 6%, maintaining its industry preference

CENX

KALU

601677

Rio Tinto and Aluminum Corporation of China are acquiring a 68.6% stake in Companhia Brasileira de Aluminio for $902.6 million. The joint venture will consist of 33% held by Rio Tinto and 67% by Chalco, with a share price of 10.50 Brazilian reals, a 21.2% premium over the last 20 days' average. Following the acquisition, a mandatory tender offer for remaining shares will be made. Rio Tinto's stake is valued at $297.8 million.

fidelity

Century Aluminum

Rio Tinto

XJJW

Kaiser Aluminum

Alcoa

Rio Tinto plc

Mtalco

Yunnan Aluminium

Huafon Aluminium

YeChiu Resources

Correction: Rio Tinto, Aluminum Corporation of China Acquire Majority Stake in Companhia Brasileira de Aluminio for $902.6 Million in Cash

AAPU

On January 30, various mergers and acquisitions were reported. Pinewood Technologies surged 28% after announcing a potential £575.5 million deal with Apax Partners. Bertelsmann's BMG Rights Management is considering a cash-and-stock offer for Concord valued at up to $7 billion. Chinalco and Rio Tinto agreed to acquire a controlling stake in Companhia Brasileira de Aluminio for $903.61 million. SpaceX is exploring a merger with Tesla or xAI. Nine Entertainment plans to buy QMS for A$850 million while divesting its radio arm. Apple acquired Israeli startup Q.ai for AI technology.

- Britain’s Pinewood Technologies saw a 28% surge as it prepares to agree to a £575.5 million deal with Apax Partners.  
- Germany's Bertelsmann is evaluating a cash-and-stock offer for Concord worth up to $7 billion, while Chinalco and Rio Tinto are acquiring Companhia Brasileira de Aluminio for $903.61 million.  
- SpaceX is contemplating a merger with Tesla or xAI, Nine Entertainment plans to purchase QMS for $599.08 million, and Apple has acquired Q.ai, an Israeli AI startup.

Direxion Daily AAPL Bull 2X Shares

 BHP Group Ltd

T-Rex 2X Long Apple Daily Target ETF

Rio Tinto Limited

Nine Entertainment Co. Holdings Limited

Apple

GraniteShares 2x Long AAPL Daily ETF

BHP Group Plc

ISHRS MSCI Glb Slct Met & Mining

Deals of the day-Mergers and acquisitions

Aluminum Corporation of China Ltd. (CHINALCO) has appointed Ms. Zhu Dan as the new company secretary and chief financial officer, effective January 29, 2026. She replaces Mr. Ge Xiaolei, who will resign from the position. Zhu Dan brings over 20 years of experience in financial management and capital operations within the company.

CHINALCO Appoints Zhu Dan as Company Secretary and CFO

China's Aluminum Corporation (Chalco) is partnering with Rio Tinto to acquire a 68.6% stake in Companhia Brasileira de Alumínio (CBA) for BRL4.7 billion (USD903 million). This acquisition aims to enhance Chalco's overseas operations and secure low-carbon aluminum assets. Despite the announcement, Chalco's stock fell by 10%. CBA, a major Brazilian aluminum producer, reported significant revenue and profit in 2022 and operates renewable energy facilities, contributing to its low carbon emissions. Chalco plans to launch a tender offer for remaining shares post-acquisition, further expanding its production capacity in Brazil.

Yicai

China's Chalco Teams Up With Rio Tinto to Secure Green Aluminum Assets in Brazil

MBALUCO@EC2608A(25408.HK)

Top 5 HK Stock Gainers/Losers (>100B) (2.25)

The Shangai Composite Index Closes 0.72% Higher

National Bureau of Statistics: In January, the PPI rose by 0.4% month-on-month, increasing for four consecutive months, with the growth rate expanding by 0.2 percentage points compared to the previous month

CHINALCO Announces Date for 2026 First Extraordinary General Meeting

Citi expects that rising commodity prices will benefit basic materials, while automakers and second-tier battery manufacturers face pressure