Movement Alert|GANFENGLITHIUM Rises 3.89% in Regular Trading, Goldman Sachs Target Price Cut Intertwined with Institutional Position Changes

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On October 9, GANFENGLITHIUM rose 3.89% in regular trading, trading at 30.48 HKD/share, with turnover of 109 million HKD.

The movement follows Goldman Sachs lowering its target price from 46 HKD to 31 HKD while raising 2026-2028 earnings forecasts and maintaining a neutral rating. Additionally, JPMorgan increased its long position by 115,000 shares via over-the-counter derivatives, bringing its stake to 6.82%, while BlackRock reduced holdings multiple times recently, indicating widening institutional divergence.

Goldman Sachs believes lithium carbonate benchmark prices will peak this year before declining, as supply surpluses of 8%-18% are expected in the coming years. The bank raised 2026-2028 profit forecasts by 33%, 120%, and -76% respectively. Meanwhile, lithium carbonate futures fell 24% in September, with the main contract dropping below 120,000 yuan/ton to a yearly low, creating a complex backdrop of price pressure and bargain-hunting flows.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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