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<Research>UOB Kay Hian Upgrades GANFENGLITHIUM to Buy, Lifts TP to $30
GANFENGLITHIUM (01772.HK)'s 1QFY25 net loss narrowed by 19% YoY and 75% QoQ, according to a report from UOB Kay Hian. The company's profit margins have expanded despite a d...
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<Research>UOB Kay Hian Upgrades GANFENGLITHIUM to Buy, Lifts TP to $30
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STOCK INFO

GANFENGLITHIUM (01772.HK)  +0.240 (+1.267%)    Short selling $9.20M; Ratio 33.424%   's 1QFY25 net loss narrowed by 19% YoY and 75% QoQ, according to a report from UOB Kay Hian. The company's profit margins have expanded despite a decline in average selling prices.

Looking ahead, GANFENGLITHIUM's net profit will be stimulated by sales volume growth, stable lithium carbonate prices, an optimized sales mix, and the battery recycling business.

Related NewsGANFENGLITHIUM 1Q Loss Reduces to RMB356M
UOB Kay Hian upgraded GANFENGLITHIUM's rating from Hold to Buy and lifted its H-share target price from $20 to $30. The broker believes that the worst is already over for the company, which has also been fully reflected in its share price.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-02 16:25.)

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