GNENY - Ganfeng Lithium: Staying Neutral Following Recent Investor Briefing

2024-04-17 11:25:58 ET

Summary

• A commitment to enhancing future shareholder capital return and a focus on growing its downstream battery business are the key positives for Ganfeng Lithium.
• The key negatives for GNENF relate to the unfavorable supply situation in the lithium market and a potential risk of provisions for its Mexican business.
• Ganfeng Lithium's recent investor meeting throws up a number of positives and negatives for the stock, and I have chosen to maintain my existing Hold rating.

Elevator Pitch

I have a Hold rating for Ganfeng Lithium Group Co., Ltd. ( GNENF ) ( GNENY ) (1772:HK) stock. With my earlier write-up published on February 3, 2024, I highlighted the company's recent vertical integration move and its negative profit alert for fiscal 2023....

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