Ludlow China Upgrades Aluminum Corp. of China from A- to A Rating

NEW YORK, Nov 10, 2007 -- New York-based Ludlow China upgraded Aluminum Corp. of China, Ltd.  (NYSE: ACH), engaged in the production, sale, and research of alumina and primary aluminum in the People's Republic of China, from A- to A rating based on valuation.


COVERAGE SUMMARY

Aluminum demand in China is projected to rise about 33% in 2007 to 12 million tons, which is nearly one third of total world demand, and close to China's total production capacity. The growth is auto manufacturing in China has been putting additional pressure on demand for aluminum, and ACH seems well position to take advantage of China's explosive growth. 

The recent price decline in ACH is currently providing around a 40% discount to mid-Oct. 2007 levels, and increased value at these current levels. Thus, Ludlow China is upgrading its rating on Aluminum Corp. of China (ACH) from A- to A, with a near term price target of $70 a share.

To receive updates on this and other stories in the Chinese investment community register here for our newsletter.


RISK FACTORS

Some risk factors that may effect the valuation calculations in this report are the companies inability to meet fiscal 2007 revenue projections, an increase in shares issued and outstanding, decrease in interest or price/sales ratios of Chinese stocks, industry competition, government regulations in China, technological advances, patent and copyright litigation, decrease in energy prices, geopolitical events, accounting changes and restatements, and legal issues.


ABOUT LUDLOW CHINA VENTURES

Based in New York City, Ludlow China Ventures is a venture capital and research firm with a specific focus on the Chinese market. Ludlow China owns and operates the Ludlow China Indices, which tracks a wide basket of US traded large and small cap Chinese stocks. www.ludlowchina.com 

-------------
Contact:

Ludlow China Ventures
Gerry Salazar
Phone: (718) 855-8451
Email: gerry@ludlowchina.com 

Website: www.ludlowchina.com

Disclaimer:

This is NOT a solicitation to Buy or Sell any security, but rather is for research purposes only. Content contained herein includes facts, views, opinions and recommendations of individuals and organizations deemed of interest. Ludlow China Ventures does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse these views, opinions or recommendations, or give investment advice. Ludlow China Ventures, its affiliates, or directors, may or may not hold a position in the above security from time to time, and investors are encourage to consider this as a possible conflict of interest when reviewing this information. In Compliance with SEC Rule 17B Ludlow China Ventures was NOT compensated for the distribution of this research material. 

Safe Harbor Statements:

This research report includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.

(NOTE: Ludlow China Ventures is NOT a broker-dealer, and does not offer buy or sell recommendations. Ludlow Capital's reports are strictly independent investment opinions, and does not hold any positions in the companies we cover unless otherwise clearly stated in our report. Rather, we offer our subscribers a perspective on each investment from our years of experience in dealing with small and micro-cap companies. We update our investment opinions and commentaries throughout the year, and encourage any interested investors to subscribe to our yearly membership to receive regular updates on these companies.)