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<Research>HSBC Raises GANFENGLITHIUM's TP to HKD54; Optimistic on Fundamental Recovery in Long Run
Recommend 8 Positive 16 Negative 16 |
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In its research report, HSBC Global Research attributed the recent nosedive in Chinese lithium prices to exchanges raising transaction fees and tightening position limits to curb speculative trading, coupled with reports saying that CATL (03750.HK) may resume production at the Yichun lithium mine as early as next month. In the broker's estimate, GANFENGLITHIUM (01772.HK) will face short-term pressure on its stock price, though several positive developments could provide support in the medium term. These developments include the commissioning of the Sichuan project that will drive growth in lithium chemical sales in 4Q25, as well as projects like Goulamina that will increase the company's lithium carbonate equivalent (LCE) supply ratio to over 50% and structurally reduce average unit costs. Overall, HSBC Global Research is upbeat about production growth, cost improvement, and strong lithium prices consolidating GANFENGLITHIUM 's medium-term outlook. It raised its target price for GANFENGLITHIUM from HKD33.4 to HKD54, with a Buy rating remaining in place. AAStocks Financial News |
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