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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

摩根大通將GanfangLithIUm TP推高至180美元,成為新材料行業的首選
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.

據摩根大通報道,中國新能源材料行業的估值出現了指數級的上漲,其一年期遠期市盈率的平均水平在一個月內從80倍上升到110倍以上。摩根大通青睞那些預計將從中國廣受歡迎的NEV車型強勁銷售中受益的供應商,他們在該行業的首選是甘豐利聯(01772.HK)的H股、華友Cobal(603799.SH)和TINCI(002709.SZ)。摩根大通將GANFENGLITHIUM H股目標價從130美元上調至180美元,評級為加碼,以反映Nev業務增長的較好前景。

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