Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Daiwa Upgrades GANFENGLITHIUM (01772.HK) to Outperform, Elevates TP to $85
Recommend 5 Positive 10 Negative 3 |
||||
|
||||
|
Daiwa released a research report upgrading GANFENGLITHIUM (01772.HK) from Underperform to Outperform, considering the improvement in the global lithium supply and demand landscape, and elevating its target price from $53 to $85, marking its first positive rating after a bearish view through 2023-2025. The broker expected a global lithium supply shortage in 2026, primarily due to the early enforcement of Zimbabwe's lithium ore export ban and the continued slower-than-expected resumption of CATL's lepidolite mine. Daiwa raised its 2026-2207 EPS forecasts for GANFENGLITHIUM by 213-583% to reflect higher lithium prices, and switched to a PE ratio valuation method, assigning a target PE ratio of 17.3x, lower than the 20x for GANFENGLITHIUM's A-shares, reflecting the lower liquidity of H-shares. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
