Ganfeng Lithium 1772

[winston]

not vested

Lithium firm faces insider trading probe

Ganfeng Lithium (1772) yesterday said that it has received a notice from the China Securities Regulatory Commission that the regulator has filed a case against the company on January 24, 2022 over suspected insider trading of a company's A shares in the secondary market.

The company stated that the matter will not have an impact on its normal production and operation activities. The company said it will continue to pay attention to the progress of the case and actively cooperate with the relevant work of the CSRC, and perform information disclosure obligations in strict accordance with regulatory requirements.

The stock closed at 156.97 yuan (HK$184.04) on the mainland last Friday, up 5.6 percent. Its Hong Kong stock closed at HK$86.35 last Friday, up 2 percent or HK$1.7.

Source: The Standard

https://www.thestandard.com.hk/section- ... ding-probe

[winston]

not vested

Ganfeng Lithium Co Ltd (1772 HK/002460 CH): Sales momentum is picking up [BUY, TP HK$110.00/BUY, TP RMB125.00]

2H sales volume could possibly beat our target
Self-sufficiency in mine supply to benefit product GP
Revised up earnings on higher lithium GP assumptions
Maintain BUY and valuation multiple unchanged at P/B of 5.5x, raised TP to HK$110 (HK$107 prior)

Source: DBS

[winston]

not vested

GANFENGLITHIUM Proposes to Buy Lithium Brine Projects in Argentina at Max. US$962M

GANFENGLITHIUM (01772.HK) announced that it proposed to acquire the entire shares of Lithea at no more than US$962 million.

Lithea is engaged in the acquisition, exploration and development of lithium mining rights.

Lithea's principal assets, the PPG Project, are two lithium brine projects located in Salta Province, Argentina, consisting of the Pozuelos and Pastos Grandes lithium salt lake assets.

Source: AAStocks Financial News

[winston]

Ganfeng Lithium Co Ltd (1772 HK / 002460 CH): Robust growth momentum remains [BUY, TP HK$110.00 / BUY, TP RMB125.00]

Preview 1H22 earnings to increase at least 408% y-o-y

2H sales volume could possibly beat our target

Self-sufficiency in mine supply to benefit product GP

Revised up earnings on better GP assumptions and maintain BUY at TP HK$110

Source: DBS

[winston]

not vested

Ganfeng Lithium Co Ltd (1772 HK / 002460 CH): Smoother project progress [BUY, TP HK$110.00 / BUY, TP RMB125.00]

Expect lower end of 2022 sales volume guidance

Project pipeline supports robust volume growth for 2023

Mid-term driver from downstream battery expansion

Maintain BUY and TP of HK$110 based on 5.0x FY22F PB

Source: DBS

[winston]

not vested

Ganfeng Lithium (1772 HK/002460 CH): Rising self-sufficiency the catalyst [BUY, TP HK$90.00/BUY, TP RMB110.00]

Expecting product GP expansion, underpinned by self-sufficiency improvement amid lithium price uptrend

Overseas projects’ development progress back on track

Raised earnings on rising contribution from upstream JVs underpinned by lithium price uptrend

Maintain BUY, with TP at HK$90

Source: DBS

[winston]

not vested

GANFENGLITHIUM(1772)

Analysis：

GANFENG LITHIUM main revenue comes from lithium compounds, metal lithium, lithium batteries and other products.

Recently, the company issued a profit forecast, which claimed that the company benefits from the rapid development of the global new energy industry, and the demand for lithium salt from downstream customers is growing strongly.

Therefore, the sales price of the company's lithium salt products has risen sharply YoY.

Coupled with the continuous growth of the power battery and energy storage industry market, the company's lithium battery sector production and sales have increased significantly.

The net profit range of the company's shareholder for 2022 is expected to be RMB 18000 million to RMB 22000 million, increasing 244.3% to 320.8% YoY.

In addition to the general direction of new energy development, which is beneficial to the company's prospects, we believe that the mainland will support the development of new energy with specific policies around the National People's Congress and the Chinese People's Political Consultative in Mach, which will benefit the company's performance.

Strategy：
Buy-in Price: $71.20, Target Price: $78.00, Cut Loss Price: $66.15

Source: Phillips

[winston]

not vested

Ganfeng Lithium Group (1772 HK / 002460 CH) - Tops out earnings in FY22

Ganfeng Lithium (Ganfeng) is China’s largest lithium compound producer and is one of the world’s leading players as well.

It has exposure to all the key segments along the lithium value chain, including upstream lithium resource development, midstream lithium salts processing and lithium metal smelting, as well as downstream lithium battery manufacturing and battery recycling.

As an integrated lithium enterprise, the group is well-positioned to benefit from positive structural trends over the longer-term as the world increases its investments in electric vehicles and energy storage systems in the energy transition.

However, risks include fluctuations in lithium prices and geopolitical tensions leading to import/export disruptions and even asset divestments. BUY.

Source: OCBC

[winston]

Ganfeng Lithium Group (1772 HK / 002460 CH) - Weak lithium prices after brief respite

Ganfeng Lithium (Ganfeng) is China’s largest lithium compound producer and is one of the world’s leading players as well.

It has exposure to all the key segments along the lithium value chain, including upstream lithium resource development, midstream lithium salts processing and lithium metal smelting, as well as downstream lithium battery manufacturing and battery recycling.

As an integrated lithium enterprise, the group is well-positioned to benefit from positive structural trends over the longer-term as the world increases its investments in electric vehicles and energy storage systems in the energy transition.

However, risks include fluctuations in lithium prices and geopolitical tensions leading to import/export disruptions and even asset divestments. BUY.

Source: OCBC

[winston]

not vested

GANFENG LITHIUM GROUP (1772 HK / 002460 CH)
Recommendation : HOLD (1772 HK) / BUY (002460 CH)
Fair Value : HKD 32.30 (1772 HK) / CNY 51.60 (002460 CH)


NAVIGATING A TOUGH ENVIRONMENT. S

Weaker lithium prices and potential addition to Uyghur Forced Labor Prevention Act (UFLPA) sanction/entity list

Fundamentals ultimately dictate performance but technical factors may drive prices in the meantime

Risks include geopolitical tensions resulting in export rules or even divestments, as well as fluctuations in lithium prices and product spreads


Ganfeng Lithium (Ganfeng) is China’s largest lithium compound producer and is one of the world’s leading players as well. It has exposure to all the key segments along the lithium value chain, including upstream lithium resource development, midstream lithium salts processing and lithium metal smelting, as well as downstream lithium battery manufacturing and battery recycling.

As an integrated lithium enterprise, the group is well-positioned to benefit from positive structural trends over the longer term as the world increases its investments in electric vehicles (EV) and energy storage systems in the energy transition.

However, risks include fluctuations in lithium prices and geopolitical tensions leading to import/export disruptions and even asset divestments.

Source: OCBC