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Fly News Breaks for February 12, 2020
GNENF
Feb 12, 2020 | 07:01 EDT
Nomura Instinet analyst Jamie Wang initiated coverage of Jiangxi Ganfeng Lithium with a Buy rating and HK$42.10 price target. After two consecutive years of earnings decline, the analyst sees three catalysts for a "strong" earnings recovery in 2020: lower spodumene concentrate costs, strong hydroxide orders from top-tier electric vehicle battery clients, and the company's "fast-growing" True Wireless Stereo battery business.
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