Setting A New 52 Week Low, Aluminum Corp. of China Limited ADR Class H (NYSE:ACH) Ending The Day At $8.72

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Aluminum Corp. of China Limited ADR Class H (NYSE:ACH)

December 7th, 2018
Amidst falling markets Aluminum Corp. of China Limited ADR Class H fell $0.26 Friday, a 2.90% drop, closing at $8.72. As well as the drop in value, Aluminum Corp. of China Limited ADR Class H hit a new 52 week low of $8.69, breaking the previous low of $8.74 from earlier this October. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 0.46.

ACH was outperformed by the rest of the Materials sector which went down just 2.53%.

Expectations from 1 analyst points to the possibility that Aluminum Corp. of China Limited ADR Class H could increase significantly (62%), while Finbox has calculated (with medium uncertainty) a fair value price of $6.51.

Market Sectors

The market sectors were mixed Friday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.40%), while Information Technology saw the biggest drop (3.53%). Healthcare has seen the biggest year-to-date gain at 12%. The biggest loss this year has been the Materials sector dropping 12%.

Utilities saw the biggest turnaround from its 5-day performance of 2.33%, as it went up 0.40%. Real Estate saw a turn around from its 5-day performance of 2.84% trading down 1.44%.

Sector Breakdown

  • Utilities went up with a 0.40% change.
  • Energy went down with a -0.65% change.
  • Consumer Staples went down with a -1.29% change.
  • Real Estate went down with a -1.44% change.
  • Financials went down with a -1.84% change.
  • Communication Services went down with a -2.09% change.
  • Healthcare went down with a -2.52% change.
  • Materials went down with a -2.53% change.
  • Industrials went down with a -2.62% change.
  • Consumer Discretionary went down with a -3.08% change.
  • Information Technology went down with a -3.53% change.

Aluminum Corporation of China Limited is based in Beijing, People’s Republic of China. Aluminum Corporation of China Limited was founded in 2001.

Aluminum Corp. of China Limited ADR Class H Info

Aluminum Corporation of China Limited, together with its subsidiaries, manufactures and sells alumina, primary aluminum, and energy products in the People’s Republic of China. The company operates through Alumina, Primary Aluminum, Trading, and Energy segments. The Alumina segment mines for and purchases bauxite and other raw materials; and produces and sells alumina, as well as alumina-related products, such as alumina hydrate, alumina-based chemical products, and gallium. The Primary Aluminum segment procures alumina and other raw materials, supplemental materials, and electricity power; and produces and sells aluminum and aluminum-related products, such as carbon, aluminum alloy, and other electrolytic aluminum products. The Trading segment trades in alumina, primary aluminum, other non-ferrous metal products, coal products, raw and ancillary materials, and supplemental materials; and provides logistics and transport services to external customers. The Energy segment researches and develops, produces, and operates energy products, including coal mining; and generates and sells electricity using thermal power, wind power, and solar power sources to regional power grid corporations. The company also acquires, manufactures, and distributes bauxite mines and limestone ore; manufactures power related equipment; and provides engineering project management, and research and development services. Aluminum Corporation of China Limited was founded in 2001 and is based in Beijing, the People’s Republic of China.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Aluminum Corp. of China Limited ADR Class H’s score is 0.46) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

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