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<Research>CLSA Cuts GANFENGLITHIUM (01772.HK) TP to $18, Keeps Rating at Hold
Recommend 2 Positive 9 Negative 1 |
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GANFENGLITHIUM (01772.HK)'s 1Q25 net loss amounted to RMB356 million, narrowing both QoQ and YoY, according to CLSA's research report. As GANFENGLITHIUM further strengthens its upstream integration, the broker believed that the Company should be able to maintain its profit margin level for now. The Company believed that the pricing environment remains challenging as its domestic peers have not reduced production. CLSA lowered its chemical price assumptions for 2025-2027, and cut its target price to $18 based on GANFENGLITHIUM's projected 2026 PE ratio of 13x, with rating kept at Hold. AAStocks Financial News |
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