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<Research>UOB Kay Hian Lifts TP of GANFENGLITHIUM to HKD90, Raises Earnings Forecast
Recommend 8 Positive 15 Negative 6 |
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UOB Kay Hian’s report maintained its 2025 net profit forecast for GANFENGLITHIUM (01772.HK) at RMB4.07 billion, based on an intact expectation of sales volume of 180,000 tons LCE, representing a 39% YoY increment. Accordingly, the net profit for 4Q25 was projected to be RMB382 million, compared to the market consensus of RMB438 million. Considering higher sales volumes (230,000/270,000 tons LCE for 2026 and 2027 respectively) and higher ASP (RMB160,000 and RMB200,000 per ton for 2026/2027), the broker raised its net profit forecasts for GANFENGLITHIUM by 67% and 58% for 2026 and 2027, to RMB3.21 billion and RMB5.24 billion respectively. UOB Kay Hian maintained a Buy rating for the H-share GANFENGLITHIUM, raising TP from HKD78 to HKD90; the A-share TP for GANFENG LITHIUM (002460.SZ) was increased from RMB72 to RMB80. AASTOCKS Financial News Website: www.aastocks.com |
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