DBS Lifts Ganfeng Lithium Targets to 112 Yuan as Self-Supply Goal Reaches 70% in 2026
Updated
Updated · The Wall Street Journal · May 11
DBS Lifts Ganfeng Lithium Targets to 112 Yuan as Self-Supply Goal Reaches 70% in 2026
6 articles · Updated · The Wall Street Journal · May 11
DBS raised Ganfeng Lithium’s target prices to 112 yuan for its Shenzhen shares from 92 yuan and to HK$103 for its Hong Kong shares from HK$83.
Rising lithium prices are expected to lift Ganfeng’s earnings per share further this year, while the company pushes to increase lithium self-supply to about 70% in 2026.
Ganfeng is also targeting self-supply above 85% within the next two to three years, alongside higher lithium chemical output and commercialization of solid-state batteries.
Shares reacted modestly: the A shares closed up 0.5% at 85.18 yuan, while the H shares gained 1.7% to HK$84.65.
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