Hong Kong Market Performance: The Hong Kong bourse saw a recovery on the morning of the 24th, with the Hang Seng Index (HSI) rising by 367 points (1.4%) to 25,587, accompanied by a turnover of HKD90.236 billion.
Lithium Stocks Downgraded: Goldman Sachs downgraded GANFENGLITHIUM to a Sell rating, contributing to a decline in the stock by over 7% amid concerns about increased lithium supply affecting market sentiment.
Continued Pressure on Lithium Miners: Both GANFENGLITHIUM and TIANQI LITHIUM experienced further losses, with GANFENGLITHIUM dropping 6.13% to HKD47.78 and TIANQI LITHIUM down 4.07% to HKD45.24 after initial gains.
CATL Trading Activity: CATL's stock, after a brief rally, also faced a slight decline, trading at HKD464.6, down 0.1%, with significant short selling activity reported.
Wall Street analysts forecast 01772 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 01772 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast 01772 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 01772 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 65.150
Low
Averages
High
Current: 65.150
Low
Averages
High
UOB Kay Hian
UOB Kay Hian
maintain
$78 -> $90
2026-01-23
New
Reason
UOB Kay Hian
UOB Kay Hian
Price Target
$78 -> $90
AI Analysis
2026-01-23
New
maintain
Reason
UOB Kay Hian maintained a Buy rating for GANFENGLITHIUM due to several positive factors. The firm kept its 2025 net profit forecast intact at RMB4.07 billion, anticipating a significant sales volume increase to 180,000 tons LCE, which represents a 39% year-over-year growth. Additionally, the broker raised its net profit forecasts for 2026 and 2027 by 67% and 58%, respectively, based on expectations of even higher sales volumes (230,000 tons in 2026 and 270,000 tons in 2027) and increased average selling prices (RMB160,000 and RMB200,000 per ton for 2026 and 2027). Consequently, UOB Kay Hian raised the target price for GANFENGLITHIUM from HKD78 to HKD90, reflecting a strong outlook for the company's financial performance in the coming years.
HSBC
HSBC Global Research
Buy
upgrade
$54
2025-11-25
Reason
HSBC
HSBC Global Research
Price Target
$54
2025-11-25
upgrade
Buy
Reason
The analyst rating from HSBC Global Research is based on several factors. They attribute the recent decline in Chinese lithium prices to increased transaction fees and tighter position limits by exchanges, aimed at curbing speculative trading. Additionally, the potential resumption of production at the Yichun lithium mine by CATL is contributing to this price pressure. Despite the short-term challenges for GANFENGLITHIUM, the analysts are optimistic about the company's medium-term outlook due to positive developments such as the commissioning of the Sichuan project, which is expected to boost lithium chemical sales, and other projects that will enhance lithium carbonate equivalent (LCE) supply and reduce costs. Consequently, HSBC raised its target price for GANFENGLITHIUM and maintained a Buy rating, reflecting confidence in production growth, cost improvements, and a strong lithium market.
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Daiwa
Daiwa
Underperform
maintain
$23 -> $53
2025-11-17
Reason
Daiwa
Daiwa
Price Target
$23 -> $53
2025-11-17
maintain
Underperform
Reason
The analyst rating for GANFENGLITHIUM (01772.HK) was maintained at Underperform due to a conservative outlook on the upside for lithium prices in 2026, despite an expected improvement in the supply-demand balance of the global lithium market from 2025 to 2026. This cautious stance is attributed to anticipated supply growth headwinds. For TIANQI LITHIUM (002466.SZ), the downgrade from Underperform to Sell reflects similar concerns, even as the target price was increased. The forecast of a global lithium supply surplus, which is expected to decrease significantly from 2024 to 2026, also influenced these ratings.
Daiwa
Daiwa
Underperform
maintain
$23 -> $53
2025-11-17
Reason
Daiwa
Daiwa
Price Target
$23 -> $53
2025-11-17
maintain
Underperform
Reason
Daiwa maintained its Underperform rating on Ganfeng Lithium (01772.HK) despite revising the target price upward from HKD23 to HKD53. The rationale behind this rating includes a 22% discount to Ganfeng Lithium's A-shares, which is attributed to improved liquidity in the H-share market. Additionally, while the broker forecasts net profits for the company from 2025 to 2027, it anticipates a net loss in 2024. The increase in the forecast for Ganfeng Lithium's lithium average selling price (ASP) per ton to RMB73,000 and RMB79,000 for 2025 and 2026, respectively, has led to an uplift in the company's revenue forecast for those years.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
