Reported 1 day ago
Nanshan Aluminum International Holdings Ltd., supported by Glencore Plc, saw its share price decline 1% during its trading debut in Hong Kong due to poor metal prices affecting market sentiment. Initially rising, shares fell to HK$26.35 as the company plans to use the proceeds from the sale to expand production in Indonesia. Analysts remain cautious about the company’s earnings outlook amid the recent drop in alumina prices, despite a strong valuation.
Source: YAHOO