中国宏桥：Expect higher ASP following China’s stimulus

30 Sep 2024 Earnings Summary CMB International Global Markets | Equity Research | Company Update China Hongqiao (1378 HK) Expect higher ASP following China's stimulus We believe aluminum (Al) is one of the sectors that is highly sensitive to the launch of the series of forceful pro-market policies in China. This, together with the weakness of dollar as a results of the start of rate-cut cycle in the US and a relatively limited new supply of Al, will likely boost the near-term Al price which will serve as ke ...