On Tuesday, the two cities oscillated in a broader market. Affected by the Bank of China’s upcoming IPO, the market could weaken. Hot spots,
G Shanggang continued to limit itself under the stimulation of mergers and acquisitions. Mergers and acquisitions stocks have become the focus of the market. In addition, low-cost stocks are still the focus of funds. Looking to the market outlook, we believe that the broader market is consolidating and the market outlook is facing directional choices. It is expected that the short-term shocks will be more likely to be consolidated. Individual stocks can focus on China Aluminum Group's leading shares in G-Board Aluminum (600,472). The repurchasing theme is even stronger, and adjustments are expected to break out.
The company is China's largest production base for rare earth aluminum and applied alloys. The current annual production capacity of aluminum and aluminum products is 215,000 tons. The proportion of aluminum processing products of the company is relatively high, and the product structure is superior to other electrolytic aluminum enterprises. The company focuses on the development of rare earth aluminum, alloy aluminum and other leading products. At present, the leading products such as rare earth aluminum and alloy aluminum reach more than 62% of the total output. The domestic market share of rare earth electric round aluminum rods and A365 casting aluminum alloys reaches 20 in the domestic market. % and more than 30%. At the same time, the company is located in the western part of Inner Mongolia Autonomous Region and is close to China's major alumina production bases, China Aluminum Shanxi Branch and Zhongzhou Branch. Therefore, the source of alumina, the main raw material of the company's products, has favorable geographical advantages. At the same time, the company's long-term alumina purchase contract price is usually lower than the spot price, which greatly saves costs and enables the company to have obvious advantages in the industry competition. In addition, the company enjoys a preferential tax rate for corporate income tax. In 2006, it continued to implement a preferential corporate income tax rate of 10%. From 2007 to 2010, it collected corporate income tax at a rate of 15%. With the completion of the company's electrolysis tanks and other key equipment transformation projects, the company's production capacity will increase significantly, coupled with the preferential income tax policies, providing a guarantee for the rapid growth of its future performance.
It is noteworthy that the domestic alumina industry giant China Aluminum Corporation will receive 80% of the shares of Baotou Aluminum, a major shareholder of Baotou Aluminum, for free. Once the transfer is completed, the actual controller of the company will be changed to China Aluminum. China Aluminum Corporation, as a monopoly oligarch for domestic production of alumina, is extremely strong. After becoming a controlling shareholder, it will not only provide strong support for the future development of the company, but will increase as Chalco returns to the A-share market. It is expected that the stock price will burst again.
In the secondary market, weighed down by the adjustment of non-ferrous metal plates, the stock continued to adjust recently, short-term decline of more than 30%, short-term rebound is very strong desire, near the bottom repeated shocks to stabilize, the market outlook may rise at any time, can focus on.