SGGANFE@EC2611B

Baillie Gifford sells 2.6 million shares of Ganfeng Lithium for approx 201 million HKD

Baillie Gifford Reduces Holding in Ganfeng Lithium by 2.4971 million Shares

UBS Raises Lithium Price Forecast by 18% for 2026

Ganfeng Lithium Achieves Full Production, Chinese Enterprises Succeed in Global Lithium Resource Industry

Van Eck Associates Increases Holdings in Ganfeng Lithium to 5.01%

Lithium Carbonate Main Contract Rises Over 6% to 197,580 Yuan per Ton

Ganfeng Lithium's 2025 Annual General Meeting to Discuss Guarantees for Green Origin

JPMorgan Provides Profit Forecast for Ganfeng Lithium

Goldman Sachs Analyst Reiterates Sell Rating on Ganfeng Lithium with a Target Price

Shenzhen EHANG Oriental Low Altitude Economy Industry Private Equity Fund Adds GFL Lithium's Subsidiary as Partner and Increases Capital to 1 Billion Yuan

Ganfeng Lithium Announces Significant Q1 2026 Revenue and Profit Growth

GANFENGLITHIUM released FY2026 Q1 earnings on April 29 Pre-Market (BJT), actual revenue HKD 10.43 B (forecast HKD 1.938 B), actual EPS HKD 0.9976 (forecast HKD -2.4276)

Morgan Stanley Upgrades GFL rating to Overweight

Ganfeng Lithium Issues Green Medium-term Notes to Repay Short-term Commercial Paper

GANFENGLITHIUM to Release FY2026 Q1 Earnings on April 29 Pre-Market BJT, Forecast Revenue HKD 1.938 B, EPS HKD -2.4276

Baillie Gifford & Co reduces position in Ganfeng Lithium by 180,800 shares

Morgan Stanley Upgrades GFL's A-shares Rating to Overweight

Jefferies Analyst Maintains Hold Rating on Ganfeng Lithium

Ganfeng Lithium Returns to Profitability in Q1, Driven by Strong Demand for Lithium Salts in Global New Energy Sector

Multiple HK-listed Companies Announce Significant Business Developments and Financing Dynamics

HINSANG GROUP

RIVERINE CHINA

PASHUN INT RTS

BRAINAURORA-B

SOFTMEDX

GOLDENPOWER

ZHONGKE GROUP

VISION SYNERGY

GEMILANG INTL

GHPC

01339

06099

01698

00883

01766

02513

00100

06656

01772

03296

PICC GROUP(01339) rose 7.41%, with a trading turnover 822.3 Million HKD, and a year-to-date fell 16.3%. CMSC(06099) rose 6.48%, with a trading turnover 275.5 Million HKD, and a year-to-date rose 6%. KNOWLEDGE ATLAS(02513) fell 9.41%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 786.4%. MINIMAX-W(00100) fell 7.19%, with a trading turnover 612.5 Million HKD, and a year-to-date rose 350%.

Top Gainers&Losers

PICC GROUP

CMSC

TME-SW

CNOOC

CRRC

KNOWLEDGE ATLAS

MINIMAX-W

SIGENERGY

GANFENGLITHIUM

HUAQIN

Top 5 HK Stock Gainers/Losers (>100B) (5.19)

06809

03986

00175

02601

00981

09696

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%.

MONTAGE TECH

GIGADEVICE

GEELY AUTO

CPIC

SMIC

TIANQI LITHIUM

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

300750

301358

002460

159880

516650

512400

159881

561330

159876

159871

Citi has adjusted its commodity preference ranking, placing copper at the top due to its lagging prices and easing Middle East tensions. The bank's report highlights a strong performance in lithium stocks, while aluminum has underperformed. Overall, mining stocks are expected to align with commodity price trends despite current underperformance. Citi's new top picks include CATL, MMG, CMOC, CHALCO, GANFENGLITHIUM, and HUNAN YUNENG, with varying short selling ratios and price changes.

AASTOCKS News

CATL

Yuneng New Energy

Ganfeng Lithium

Penghua Guozheng Non-ferrous Metal Industry ETF

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

China Southern CSI SWS Non-Ferrous Metal ETF

Guotai CSI Non-ferrous Metal ETF

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

Hwabao WP CSI Non-ferrous Metal ETF

Yinhua CSI Non-ferrous Metal ETF

CMOC

CHALCO

CATL HK SDR 30to1

Citi Adjusts Commodity Preference Ranking, Tops Copper; New Top Picks Include CATL , MMG , CMOC , CHALCO , GANFENGLITHIUM

002466

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

Ganfeng Lithium Group Co., Ltd. has confirmed that its 2025 annual general meeting will take place on May 20, 2026, in Xinyu, Jiangxi Province. The agenda now includes a special resolution regarding guarantees to Hong Kong Luyuan, which may impact the company's financial commitments. A supplemental proxy form has been introduced to clarify voting procedures. The latest analyst rating for Ganfeng Lithium (HK:1772) is a Sell, with a price target of HK$60.00. The company specializes in lithium products for batteries and new energy applications, with a market cap of HK$195.9B.

Tip Ranks

Ganfeng Lithium Adds Guarantee Proposal to 2025 AGM Agenda

G Sachs forecasts that the future lithium cycle will be driven by demand, with lithium carbonate prices expected to peak at RMB164,000 (approx. USD21,000) in 1H26. A supply surplus of 20-22% is anticipated in 2H26 and 2027, despite a tight market in early 2026. The report highlights significant growth in energy storage systems and electric vehicles as crucial for sustaining the lithium upcycle. Additionally, supply disruptions in Zimbabwe could impact availability in 2027. GANFENGLITHIUM and TIANQI LITHIUM have had their target prices raised but maintain a 'Sell' rating.

Goldman Sachs

GS Hldg R

G Sachs: Future Lithium Cycle to Be Demand-led, Expects Lithium Carbonate Prices to Peak in 1H26

GANFENGLITHIUMshares rose 5.34% to HKD87.75, with a turnover of HKD355 million. JPMorgan reported a net profit of RMB1.84 billion for 1Q, up 16% QoQ and 616% YoY, aligning with previous guidance. This profit represents 36% and 37% of JPM's and market consensus for FY2026 earnings. Despite expected earnings growth, rising spodumene prices may pressure margins, and supply uncertainties could increase volatility. JPM maintains a Neutral rating with a target price of HKD70 for the stock.

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

GANFENGLITHIUM  Rises 5%; JPM: 1Q Profit In Line

Goldman Sachs analyst Trina Chen has reaffirmed a Sell rating on Ganfeng Lithium Co (GNENF), setting a price target of HK$60.00. Chen, a 4-star analyst with a 58% success rate, reports that the consensus on Ganfeng Lithium is a Moderate Buy with an average price target of HK$72.00. Chen also covers other stocks in the Basic Materials sector.

CR BLDG MAT TEC

Goldman Sachs Reaffirms Their Sell Rating on Ganfeng Lithium Co (GNENF)

I do not think the FOMC will cut or hike interest rate, it should remain the same. I think it is a good idea to get exposure into equities. The bull is still in control!

I don't think the CFO at OPENAI know what they are talking about. The market is primed for IPO and the AI narrative is still there. Everyone is simply too focused on 1 individual company. Remember AI is a broad revolution, not just 1 company.

NVIDIA

IreneLee

Ranks in the top 10% of account holders by rate of return
Calculated based on your Longbridge (Singapore) A/C

Rate Of Return

GabyWoon

Ranks in the top 70% of account holders by total assets
Calculated based on your Longbridge (Singapore) A/C

Total Assets

Ranks in the top 90% of account holders by rate of return
Calculated based on your Longbridge (Singapore) A/C

Just because one CFO at OPENAI said something doesn't mean the AI narrative is destroyed. That individual ain't Trump so take it with a pinch of salt!

JoanneChe

Ranks in the top 50% of account holders by rate of return
Calculated based on your Longbridge (Singapore) A/C

Ranks in the top 5% of account holders by total assets
Calculated based on your Longbridge (Singapore) A/C

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☕️ [Task Coins Giveaway] Daily Market Talk

Sanhua

OPEC will lose its relevance and everyone will simply pump oil till their hearts content. I foresee a destruction in oil and price will crash. Don't be fooled by the Iran war keep oil prices elevated!

with the sudden drop in both earnings and share price, S REITs suddenly become attractive. I will consider buying the dip especially those whose share prices are lower than my average buy

I prefer to stay invested in Singapore REITs and banks given Singapore’s strong economic fundamentals and AAA sovereign credit rating. The Singapore dollar is relatively stable which adds to many retail investors confidence.Just Focus on quality blue chip S-REITs and it will generate steady income with greater peace of mind over the long term.Other options, invest in Hongkong market for growth with excitement🤭 ( political and exchange rate risk).

US stocks continue to trade on Oil futures and war headlines and I don't think the volatility will end anytime soon. Trump even hinted at &#34;Cuba operation&#34; next, so uncertainty continues to loom over the next few months. Personally just taking the opportunity to load up on Index funds for long term

SPDR S&P 500

Invesco QQQ Trust

Proshares UltraPro QQQ

UBTECH ROBOTICS

SERES

GRIMCT

DAPUSTOR

Jardine C&C

Singapore Land

FTSE Straits Times Index

Lee Enterprise

Select Medical

☕️ Daily Market Talk | Mar 30, 2026

I think oil will continue to be volatile as long as the war is still going on. As long as the Strait of Hormuz is closed, the supply is still very much constrained.

Bring the gold trade to Singapore would further strengthen Singapore's positioning as a financial center. What better use of the scarce land here than to be paid to stack gold?

Amidst all the FUD, when you look at price and technicals, the markets are flashing some bottoming signals indicating some kind of rebound is on the cards. Amongst them bullish divergences when you compare individual sectors. Markets do not move in a straight line and tend to bamboozle the general crowd. Stay safe!

SGGANFE@EC2611B(29355.HK)

Top 5 HK Stock Gainers/Losers (>100B) (5.19)

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

Citi Adjusts Commodity Preference Ranking, Tops Copper; New Top Picks Include CATL , MMG , CMOC , CHALCO , GANFENGLITHIUM

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

Ganfeng Lithium Adds Guarantee Proposal to 2025 AGM Agenda