The Zacks Analyst Blog Highlights: Alcoa, Aluminum Corporation of China Limited, Rio Tinto, BHP Billiton and Brookfield Office P

   The Zacks Analyst Blog Highlights: Alcoa, Aluminum Corporation of China
      Limited, Rio Tinto, BHP Billiton and Brookfield Office Properties

  PR Newswire

  CHICAGO, June 21, 2011

CHICAGO, June 21, 2011 /PRNewswire/ -- announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include: Alcoa Inc. (NYSE: AA ), Aluminum
Corporation Of China Limited (NYSE: ACH ), Rio Tinto plc . (NYSE: RIO ), BHP
Billiton Ltd . (NYSE: BHP ) and Brookfield Office Properties (NYSE: BPO ).

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Here are highlights from Thursday's Analyst Blog:

Alcoa Re-aligns for China

Alcoa Inc. (NYSE: AA ) stated that the company's Asia-Pacific regional
headquarters will report to Alcoa's Business Excellence and Corporate Strategy
organization, which is part of an initiative to support the expanding
footprint of Alcoa's three business groups in the fast-growing and
strategically important Chinese market.

This change goes into effect on July 1, 2011.

Asia-Pacific President Jinya Chen was elected Vice President of Alcoa by the
company's board of directors and will oversee Alcoa's China strategy. Chen
joined the company in 2007.

The company also announced that Jiming Zhu will join Alcoa as President of
China Rolled Products, with responsibility of managing all of Alcoa's Global
Rolled Products (GRP) operations in China. Zhu succeeds Mark Vrablec. Zhu, who
was chairman of Caterpillar China, will join the company in mid-July.

Alcoa expects to grow its rolled products business three times faster than the
market in the next three years by expanding its reach to customers in China's
automotive, packaging and consumer electronics markets.

Alcoa, a Pennsylvania-based corporation, is among the world's leading
producers of primary and fabricated aluminum and alumina. It involves the
technology of mining, refining, smelting, fabricating and recycling of
aluminum. We believe that Alcoa's cost reduction efforts are, to some extent,
offsetting the negative impact of higher energy and raw material costs on

The company is divesting underperforming assets through its restructuring
program. The annual global consumption of aluminum products, both upstream and
downstream, is expected to double over the next 15 years. This consumption
boom will be driven primarily by growth in China, India, Russia and Brazil,
whose demographics are accelerating development.

Alcoa faces stiff competition from Aluminum Corporation Of China Limited
(NYSE: ACH ), Rio Tinto plc . (NYSE: RIO ) and BHP Billiton Ltd . (NYSE: BHP

Currently, Alcoa has a short-term (1 to 3 months) Zacks #3 Rank (Hold) and a
long-term (6 months) Neutral recommendation.

BPO Upgrading World Financial Center

Brookfield Office Properties (NYSE: BPO ) is planning a $250 million retail
redevelopment of the World Financial Center in downtown Manhattan. The
redevelopment will include a connector to the area's transit hubs, which
offers high-end fashion, a European-style marketplace, and dinning
destinations. The construction is expected to commence by October 2011 and
will likely be completed by 2013.

The World Financial Center is an 8 million-square feet complex located in
downtown Manhattan surrounded by an affluent residential population and
ishome to some of the most well-reputed international corporate firms.
Brookfield made significant investment in the redevelopment of this space
considering the vested interest for office space by many corporate firms. The
Center is also ideally located for retailers and restaurant operators.

These improvements are coming at the perfect time as it coincides with the
Hudson River Park's recent completion, the anticipated completion of the two
downtown transit centers and a $20 billion private and public investment in
lower Manhattan.

Brookfieldowns develops and manages premier office properties in the United
States, Canada and Australia. Its portfolio consists of 109 properties
spanning 78 million square feet in the downtown cores of New York, Washington,
D.C., Houston, Los Angeles, Toronto, Calgary, Ottawa, Sydney, Melbourne and
Perth, making it the global leader in the ownership and management of office
assets. Brookfield is currently in negotiations for more than two million
square feet space with other major office tenants in the financial service and
media sectors.

Brookfield currently retains a Zacks #3 Rank, which translates into a
short-term Hold rating. We are also maintaining our long-term Neutral
recommendation on the stock.

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