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JPM Ramps Up GANFENGLITHIUM TP to $180, As Top Pick in NEV Materials Sector

JPM Ramps Up GANFENGLITHIUM TP to $180, As Top Pick in NEV Materials Sector

摩根大通将GanfangLithIUm TP推高至180美元,成为新材料行业的首选
AAStocks ·  2021/07/19 02:15

The valuation of China's NEV materials sector has seen an exponential hike, as its average one-year forward P/E rose from 80x to over 110x within a month, reported JPMorgan.

JPMorgan favors suppliers who are projected to benefit from the strong sales of popular NEV models in China with their top picks among the sector being GANFENGLITHIUM (01772.HK)'s H-shares, Huayou Cobal (603799.SH) and TINCI (002709.SZ).

JPMorgan ramped up the target price of GANFENGLITHIUM's H-shares from $130 to $180 with an Overweight rating to reflect the better outlook of NEV business growth.

据摩根大通报道,中国新能源材料行业的估值出现了指数级的上涨,其一年期远期市盈率的平均水平在一个月内从80倍上升到110倍以上。摩根大通青睐那些预计将从中国广受欢迎的NEV车型强劲销售中受益的供应商,他们在该行业的首选是甘丰利联(01772.HK)的H股、华友Cobal(603799.SH)和TINCI(002709.SZ)。摩根大通将GANFENGLITHIUM H股目标价从130美元上调至180美元,评级为加码,以反映Nev业务增长的较好前景。

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