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<Research>G Sachs Elevates GANFENGLITHIUM (01772.HK) TP to $28, Keeps Rating at Neutral as Interim Results Below Forecast
Recommend 7 Positive 9 Negative 4 |
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GANFENGLITHIUM (01772.HK)'s 1H25 net loss was RMB536 million, narrowing from a loss of RMB759 million in the same period last year, according to Goldman Sachs' research report. Excluding one-off items, recurring net loss was RMB442 million, compared to a recurring profit recorded in the same period of 2024. The broker noted that its results were below expectations, primarily due to lower-than-expected profits from lithium chemical. The Company also declared nil interim dividend this year. Therefore, Goldman Sachs kept ratings at Neutral/ Sell on GANFENGLITHIUM's H-/ A-shares, and elevated its target prices from $19/ RMB21.4 to $28/ RMB30.5. AASTOCKS Financial News Website: www.aastocks.com |
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