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<Research>Macquarie Raises GANFENGLITHIUM's TP to HKD83.5, Rating Outperform
Recommend 13 Positive 27 Negative 16 |
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Macquarie has released a report elevating its target price for GANFENGLITHIUM (01772.HK) by 120% to HKD83.5, with a rating of Outperform. Considering that policy support will stimulate faster and larger-scale Energy Storage Systems (ESS) construction, Macquarie envisions the demand for ESS will exceed market expectations. The demand for ESS has already lifted lithium prices, and it will likely push them even higher in the future. AASTOCKS Financial News |
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