Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>DBS Elevates GANFENGLITHIUM (01772.HK) TP to $83, Lifts Earnings Forecast
Recommend 8 Positive 16 Negative 4 |
||||
|
||||
|
DBS Group Research issued a research report expecting GANFENGLITHIUM (01772.HK)'s 2025 net profit to range from RMB1.1 billion to RMB1.65 billion. The broker anticipated that lithium prices will remain high before the Jiangxi lithium mine obtains a mining permit, and believed that the profitability of the lithium industry will bottom out in 2026. DBS Group Research raised its 2026 EPS forecast for GANFENGLITHIUM to RMB1.85/ $2.07, supported by higher lithium product prices and profit margins, expansion in battery and energy storage business contributions and investment gains. The broker kept rating at Buy on GANFENGLITHIUM, and elevated its target prices for GANFENGLITHIUM's H-/ A-shares from $39/ RMB45 to $83/ RMB92, based on a projected PE ratio of 40x and a 20% H-share price discount. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
