Specialty Chemicals

TIANQI LITHIUM

Tianqi Lithium and Ganfeng Lithium Stocks Drop 3-4%, JPMorgan Maintains Neutral Rating

Tianqi Lithium States Inventory Sufficient and Costs Close to Market Price

Tianqi Lithium holds 2025 annual shareholder meeting, Chairman Jiang Anqi attends with executive team

UBS Group AG Increases Stake in Tianqi Lithium by 110,000 Shares to 8.02%

Morgan Stanley Increased Holding in Tianqi Lithium by Approx. HK$21.41 Million on May 11

Tianqi Lithium Issues 1.43 Million New H Shares for Convertible Bond Conversion

UBS Increases Short Position in Tianqi Lithium H Shares

Morgan Stanley Increases Holdings in Tianqi Lithium

Tianqi Lithium Issues New H Shares

UBS Raises Lithium Price Forecast by 18% for 2026

UBS Increases Holdings in Tianqi Lithium by 723,800 Shares

Shanghai Steel Joint Venture Announces Increase in Battery Grade Lithium Carbonate Prices

JPMorgan Raises Its Stake in Tianqi Lithium by 834,597 Shares

Lithium Battery Industry Companies Report Strong Q1 2026 Earnings

Morgan Stanley Increases Stake in Tianqi Lithium

GFE Lithium Carbonate Main Contract Rises 5%

Tianqi Lithium Shareholders Approve New Board Members and Governance Revisions

Tianqi Lithium Reports Profit Recovery and Advances Multiple Lithium Projects

Tianqi Lithium Announces Significant Revenue and Net Profit Growth in Q1 2026

TIANQI LITHIUM released FY2026 Q1 earnings on April 27 After-Market (BJT), actual revenue HKD 5.814 B, actual EPS HKD 1.2471 (forecast EPS HKD 0.603)

SYNERTONE

SOFTMEDX

HIPINE

TAILAM TECHCON

BIOSTAR PHARM-B

WING FUNG GROUP

PAN ASIA DATA H

MEDINET GROUP

G-VISION INT'L

09696

002460

002466

01772

Tianqi Lithium and Ganfeng Lithium shares dropped approximately 3-4% amid negative sentiment in the lithium sector. JP Morgan cited a lack of consensus on supply and demand, noting that recent positive catalysts have played out while risks tilt unfavorable. Consequently, JPM maintained a Neutral rating on both stocks, predicting near-term reversal unlikely.

AASTOCKS News

Ganfeng Lithium

GANFENGLITHIUM

JPMorgan Chase

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

TIANQI LITHIUM, GANFENGLITHIUM Sag ~3-4%; JPM: Recent News Adds Pressure to Lithium Sector

Citi raised its outlook on lithium prices, expecting them to test RMB250,000/tonne in late 2026 due to strong demand. The bank upgraded its preference for lithium producers over other battery chain segments. Consequently, Citi increased target prices and reaffirmed Buy ratings for Ganfeng Lithium (HKD78.12) and Tianqi Lithium (HKD68), citing improved cost competitiveness and earnings recovery potential for both companies.

Citigroup

CATL

Yuneng New Energy

CALB

CITIGROUP INC 6.250 NON CUM SER II PFD WI

CATL HK SDR 30to1

Citi Upbeat on Lithium Price Outlook; Raises TP on GANFENGLITHIUM  and TIANQI LITHIUM

02318

600377

00177

S&P Global Market Intelligence released Hong Kong stock short-selling data as of May 29. The HSI average short interest ratio is 1.36%. Top stocks by short interest include HorizonRobot-W (10.89%), Ping An (9.46%), and Jiangsu Express (9.07%). Other notable entries are Tianqi Lithium, Lens, Pop Mart, Sanhua, Ali Health, COSCO Ship Hold, and ZTE, with varying changes in shares on loan and price movements over the past week.

- S&P Global Market Intelligence reported the Hong Kong stock short-selling data as of May 29, revealing an average short interest ratio of 1.36% for the HSI.  
- The report highlighted the top 10 Hong Kong-listed stocks with the highest short interest ratios, led by Ping An (35.447%) and Horizon Robotics (28.576%).  
- The data reflects significant short-selling activity across various stocks, with implications for market sentiment and trading strategies.

PING AN

Jiangsu Expressway

JIANGSU EXPRESS

POP MART

HORIZONROBOT-W

Lens

Sanhua

ALI HEALTH

Cosco Ship Hold

COSCO SHIP HOLD

Ping An

S&P Global Market Intelligence Lists Latest Top 10 HK Stocks by Short Interest Ratio

02513

06809

00100

03296

03986

00175

02601

00981

KNOWLEDGE ATLAS(02513) rose 36.9%, with a trading turnover 3.6 Billion HKD, and a year-to-date rose 889.7%. MONTAGE TECH(06809) rose 21.31%, with a trading turnover 2.7 Billion HKD, and a year-to-date rose 368.7%. GEELY AUTO(00175) fell 5.23%, with a trading turnover 2.5 Billion HKD, and a year-to-date rose 19.4%. GANFENGLITHIUM(01772) fell 3.96%, with a trading turnover 1.1 Billion HKD, and a year-to-date rose 54%.

- The Hang Seng Index rose by 0.15%, with a year-to-date increase of 3%.  
- The Hang Seng Tech Index increased by 0.46%, but has seen a year-to-date decline of 7.7%.  
- Notable stock performances include Zhicheng (02513) up 36.9%, with a total increase of 889.7% for the year, while Geely Auto (00175) fell by 5.23%, reflecting a year-to-date increase of 19.4%.

Top Gainers&Losers

KNOWLEDGE ATLAS

MONTAGE TECH

MINIMAX-W

HUAQIN

GIGADEVICE

GEELY AUTO

CPIC

SMIC

Top 5 HK Stock Gainers/Losers (>100B) (5.13)

CITIC Securities anticipates a rise in lithium prices to 250,000 yuan per ton within the next 2-3 months due to ongoing supply disruptions in Africa and changes in domestic lithium mica supply. The report highlights a reduction in annual production guidance from Greenbushes and a decline in South American lithium salt exports, contributing to a supply contraction. Additionally, the demand for power and energy storage batteries is expected to exceed previous forecasts, with an increase in lithium battery production noted in May.

CoinLive

CITIC Securities Co., Ltd.

CITIC SEC

CITIC Securities Expects Lithium Prices to Rise in Coming Months

00650

01384

01347

02579

01072

09903

01609

02465

PRODUCTIVE TECH(00650) fell 10.39%, with a trading turnover 25.7 Million HKD, and a year-to-date rose 267%. MINIMAX-W(00100) fell 9.51%, with a trading turnover 881.2 Million HKD, and a year-to-date rose 350%. DEEPEXI TECH(01384) fell 9.28%, with a trading turnover 2.5 Billion HKD, and a year-to-date fell 6.8%.

PRODUCTIVE TECH

DEEPEXI TECH

HUA HONG SEMI

CNGR

DONGFANG ELEC

ILUVATAR COREX

STAR SPORTS MED

LOPAL TECH

Top 10 HK Stock Losers (5.8)

01024

01208

09888

06869

HUAQIN(03296) rose 10.09%, with a trading turnover 323.3 Million HKD, and a year-to-date rose 54.4%. KUAISHOU-W(01024) rose 9.4%, with a trading turnover 9.0 Billion HKD, and a year-to-date fell 17.2%. MINIMAX-W(00100) fell 9.51%, with a trading turnover 881.2 Million HKD, and a year-to-date rose 350%. HUA HONG SEMI(01347) fell 7.5%, with a trading turnover 7.2 Billion HKD, and a year-to-date rose 76%.

- The Hang Seng Index fell by 0.87%, with a year-to-date increase of 3%.  
- The Hang Seng Tech Index declined by 0.36%, showing a year-to-date drop of 7.5%.  
- Notable stock movements include Huqina Technology rising by 10.09% and Kuaishou-W increasing by 9.4%, while MINIMAX-W dropped by 9.51% and Huahong Semiconductor decreased by 7.5%.

KUAISHOU-W

BIDU-SW

YOFC

Top 5 HK Stock Gainers/Losers (>100B) (5.8)

UBS has raised its 2026 lithium price forecast by 18% due to strong demand for battery energy storage systems and electric vehicles, driven by rising energy prices and conflicts in the Middle East. The global lithium demand is expected to grow 16% YoY to 1.97 million tonnes, with EV batteries accounting for 53%. UBS also slightly increased its supply forecast, predicting a shortfall of 65,000 tonnes. Investment ratings and target prices for TIANQI LITHIUM and GANFENG LITHIUM have been adjusted accordingly.

UBS Group AG

Qinghai Yanhu Industry

UBS Raises 2026 CN Lithium Price Forecast by 18%, Lifts TPs for GANFENGLITHIUM , TIANQI LITHIUM

06656

00688

01138

09866

00288

06082

03968

SIGENERGY(06656) rose 10.17%, with a trading turnover 468.6 Million HKD, and a year-to-date rose 80.4%. CHINA OVERSEAS(00688) rose 8.89%, with a trading turnover 824.1 Million HKD, and a year-to-date rose 9%. WH GROUP(00288) fell 5.77%, with a trading turnover 898.8 Million HKD, and a year-to-date rose 14.9%. BIREN TECH(06082) fell 5.45%, with a trading turnover 369.4 Million HKD, and a year-to-date rose 119.7%.

- The Hang Seng Index increased by 1.68%, with a year-to-date rise of 1.9%.  
- Several stocks showed notable movements: Sihg New Energy rose by 10.17%, China Overseas Development gained 8.89%, while WH Group and Bilan Technology fell by 5.77% and 5.45%, respectively.  
- Year-to-date performance varied, with Sihg New Energy up 80.4% and Bilan Technology up 119.7%, while WH Group's increase was 14.9% and China Overseas Development was up 9%.

TIANQI LITHIUM(09696.HK)