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RTNominal down125.200 -0.100 (-0.080%)
Research Report

03/11/2021 16:51

{I-bank focus}Macquarie raises Ganfeng Lithium to HK$208

[ET Net News Agency, 3 November 2021] Macquarie raised its target price for Ganfeng
Lithium (01772) to HK$208 from HK$198 and maintained its "outperform" rating.
The research house said the increasing competitiveness of lithium mines is pushing up
valuation of existing assets, benefiting Ganfeng as an industry leader which acquired
high-quality resources 2-3 years ago. It sees high certainty of the Bacanora project, as
Ganfeng holds a 64.44% stake in Sonora, exercising strong control. (RC)

Remark: Real time quote last updated: 26/01/2022 17:59
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