JPMorgan cuts Chalco stock target to HKD 12.00
Published on 10/17/2026 at 21:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and trading position
- On September 25, 2026, JPMorgan cut its Chalco target to HKD 12.00.
- Chalco's next results are scheduled for October 30, 2026.
- Chalco stock was last at HKD 7.27 on October 16, 2026 at 4:08 p.m. HKT, up 1.25 percent on the Hong Kong Stock Exchange.
- Chalco's price-to-earnings ratio was 8.69 as of October 16, 2026.
JPMorgan cut its target for Aluminum Corporation of China, known as Chalco, from HKD 16.00 to HKD 12.00 on September 25, 2026, while keeping a Hold rating, according to GMT Eight. The new target stands 65.06 percent above the last Hong Kong quote. Chalco stock was last at HKD 7.27 on October 16, 2026 at 4:08 p.m. HKT, up 1.25 percent versus the prior close of October 15, 2026 at HKD 7.18 on the Hong Kong Stock Exchange.
Results date sets the next marker
Chalco's next earnings date is October 30, 2026, according to Forecaster. That date gives investors the next scheduled test of aluminum prices, production costs and cash generation.
Trading position stays below the high
Chalco's Hong Kong quote stood 53.22 percent below its 52-week high of HKD 15.55 and 2.54 percent above its 52-week low of HKD 7.09 on October 16, 2026. The session volume was 23,066,416 shares against an average of 38,135,474, leaving turnover at 60.48 percent of the average.
Market capitalization was HKD 124.7 billion on October 16, 2026, while the price-to-earnings ratio was 8.69 and the dividend yield was 0.02 percent. These figures place the stock's valuation beside the target revision rather than turning the target into a forecast.
Comparison with peers
Chalco (Hong Kong Stock Exchange, HKD): plus 1.25 percent, P/E 8.69, market capitalization HKD 124.7 billion.
China Hongqiao (Hong Kong Stock Exchange, HKD): plus 0.67 percent, P/E 6.10, market capitalization HKD 192.9 billion.
Norsk Hydro (Oslo Stock Exchange, NOK): plus 1.13 percent, P/E 15.43, market capitalization NOK 151.1 billion.
What the target means for the stock
The target cut leaves a wide gap between JPMorgan's HKD 12.00 level and the HKD 7.27 market price. The next results date and the group's ability to sustain earnings will determine whether that gap narrows.
Stock position and next date
Chalco's last Hong Kong quote was HKD 7.27 on October 16, 2026 at 4:08 p.m. HKT, up 1.25 percent on the Hong Kong Stock Exchange versus the prior close of October 15, 2026. The next scheduled results date is October 30, 2026.
Chalco stock at a glance
- Company: Aluminum Corporation of China Limited
- ISIN: CNE1000001T8
- Ticker: 2600
- Primary exchange: Hong Kong Stock Exchange
- Price Hong Kong Stock Exchange (as of October 16, 2026, 4:08 p.m. HKT): HKD 7.27
- Change versus prior close: plus 1.25 percent
- Prior close (October 15, 2026): HKD 7.18
- Market capitalization: HKD 124.7 billion (as of October 16, 2026)
- 52-week range: HKD 7.09-15.55 (as of October 16, 2026)
- Sector / Industry: Basic Materials
- Next earnings date: October 30, 2026
Market context: Current market reports.
