Credit Suisse raised its target price for Dongyue Group (00189) to HK$17.5 from HK$6.9 and maintained its "outperform" rating.
The research house said it believes Dongyue is one of the "hidden gems" in the NEV supply chain, and the recent spike in PVDF prices (up 75% vs 1H21 levels) has drawn investors' attention to this niche market.
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