2024-02-03 10:11:07 ET
Summary
- Ganfeng Lithium's latest profit warning suggests that its FY 2023 net profit could have fallen by -75%, and its short-term prospects are negative considering the outlook for the lithium market.
- GNENF's recent announcement proposing an increase in its interest in the Goulamina project serves an illustration of the company's efforts to expand upstream and be more vertically integrated.
- I still have a Neutral view of Ganfeng Lithium in view of the most recent developments, which translates into a Hold rating.
Elevator Pitch
Ganfeng Lithium Group Co., Ltd. ( GNENF ) [1772:HK] shares are assigned a Hold investment rating. ...
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Ganfeng Lithium: Profit Warning And Upstream Expansion Draw Attention