Yamato: Maintains underperform rating on Ganfeng Lithium (01772.HK), target price raised to 53 Hong Kong dollars.

Zhifeng Financial APP learned that Daiwa has released a research report stating that it maintains a "underperform" rating on Ganfeng Lithium (01772.HK) with a target price raised from 23 Hong Kong dollars to 53 Hong Kong dollars, representing a 22% discount on the company's A-shares, and based on the improvement in H-share market liquidity. The bank expects the company to achieve net profits in 2025 to 2027, compared to the net loss in 2024.