BofAS Identifies Leading Aluminum Stock Picks for 'Year of the Fire Horse'; Less Emphasis on Building/Solar Materials; Favorites Include Chalco, Zijin, Hongqiao, Shandong Gold, and Ganfeng | Intellectia.AI
BofAS Identifies Leading Aluminum Stock Picks for 'Year of the Fire Horse'; Less Emphasis on Building/Solar Materials; Favorites Include Chalco, Zijin, Hongqiao, Shandong Gold, and Ganfeng
Written by Emily J. Thompson, Senior Investment Analyst
Market Outlook for 2026: BofA Securities predicts that the "Year of the Fire Horse" will favor electrification and AI power infrastructure in the Chinese basic metals market, with a focus on aluminum, gold, copper, lithium, and cobalt stocks.
Stock Recommendations: The broker recommends buying aluminum stocks and has a positive outlook on gold, copper, lithium, and cobalt, while being neutral on coal and bearish on solar energy and building materials due to weak demand and declining profit margins.
Top Stock Picks: Key stock picks include CHALCO, ZIJIN MINING, CHINAHONGQIAO, SD GOLD, and GANFENGLITHIUM, with varying short selling ratios indicating market sentiment.
Underperforming Stocks: Notable underperformers include TONGWEI, XINYI SOLAR, ANGANG STEEL, and CR BLDG MAT TEC, which are facing significant short selling pressures.
Wall Street analysts forecast 00347 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00347 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast 00347 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00347 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 1.840
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Current: 1.840
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
