Ge Long Hui A P P·2026-01-08 02:49Group 1 - The core viewpoint of the report is that Citigroup has updated its model for China Aluminum to reflect the latest forecasts for aluminum and alumina prices, leading to increased net profit projections for the company from 2025 to 2027 [1] - Citigroup raised the net profit forecast for China Aluminum by 2%, 4%, and 7% for the years 2025, 2026, and 2027, respectively, resulting in projected profits of 14 billion, 19.1 billion, and 21.9 billion yuan [1] - The target price for China Aluminum's H-shares has been increased from 12.41 HKD to 15.94 HKD, indicating a positive outlook for the stock [1] Group 2 - Citigroup expects China Aluminum to benefit from the continuously rising aluminum prices and profit margins, maintaining its recommendation as a top pick [1]