Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal down125.200 -0.100 (-0.080%)
Research Report

08/06/2021 15:32

{I-bank focus}Daiwa lifts Ganfeng Lithium (01772) to HK$150

[ET Net News Agency, 8 June 2021] Daiwa Research lifted its target price for Ganfeng
Lithium (01772) to HK$150 from HK$145 and maintained its "buy" rating.
The research house sees the 4Q 2020 net profit miss due to impairment, and 1Q 2021 net
profit miss due to a plant retrofit as dragging on Ganfeng's share price.
With the long-term contractual hydroxide price likely to surge from 3Q and a further
hike in the hydroxide output, Daiwa expects investors' concerns on its profit miss to be
eased, if not removed, on improvement in its hydroxide segment's results.
Daiwa also sees the completion of the capacity ramp-up for Xinyu Mahong Phase III by
end-2Q boosting Ganfeng's quarterly hydroxide capacity from 15kt in 2Q to 20kt in 3Q. In
view of the ASP and output hikes for hydroxide, Daiwa expects its 2H recurring net profit
to come in at CNY1.2bn, above Ganfeng's 1H21 reported net profit guidance of
CNY800-1,200m. (KL)

Remark: Real time quote last updated: 26/01/2022 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2022 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.