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casinoextremefreespins| Macquarie: Give Ganfeng Lithium Industry its target price of "outperform" rating to HK$38.4

Economics 2024年05月08日 17:04 20 editor

Macquarie released a research report sayingcasinoextremefreespins, gave Ganfeng Lithium Industry (01772) a "outperform market" rating, with a target price of 43casinoextremefreespins.3 Hong Kong dollars fell to HK$38.4.

The bank expects that as the promotion of low-cost and high-profit projects accelerates, Ganfeng Lithium's expected profit in 2026 will more than triple its forecast in 2024. Although Ganfeng still suffered losses in the first quarter of 2024 due to high prices of spodumene, the worst may have passed as demand for energy storage systems and electric vehicles accelerates.

The report stated that compared with Tianqi Lithium (09696), Ganfeng Lithium is more optimistic because the commissioning of its low-cost projects will bring higher profit growth. The bank lowered Ganfeng's post-tax net profit forecast for 2024 and 2025 by 74% and 53% respectively to RMB 1.9 billion and RMB 3.8 billion respectively, to reflect the bank's latest views on lithium price assumptions and take into account the impact of a market-to-market net loss for the first quarter of this year.

casinoextremefreespins| Macquarie: Give Ganfeng Lithium Industry its target price of "outperform" rating to HK.4

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