CLSA's latest research report indicates GANFENGLITHIUM (01772) posted a second-quarter net loss of approximately RMB 69 million based on median projections from its profit warning. While persistent macroeconomic headwinds and bleak upstream price outlooks remain, the brokerage noted improving market sentiment driven by heightened supply constraints. Consequently, CLSA elevated the lithium producer's target price from HK$18 to HK$25 while reaffirming its Hold rating.