On July 15, Tianqi Lithium fell 3.34% in regular trading, trading at HK$33.76/share, with turnover of HK$87.87 million, extending its recent downtrend.
On the news front, the company released its mid-year earnings forecast on July 14, projecting H1 net profit attributable to shareholders of RMB 28.5–42.5 billion, representing YoY growth of 3,276%–4,935%. However, market focus shifted to the sequential deterioration: given Q1 net profit of RMB 18.76 billion, Q2 profit is estimated at RMB 9.74–23.74 billion, implying a QoQ decline of up to 48%. The company attributed growth to higher average selling prices of lithium products and improved earnings from associate SQM.
The broader lithium sector remains under pressure as lithium carbonate futures have retreated from above RMB 200,000/ton in May to below RMB 160,000/ton, with new supply from mine restarts and West African capacity additions intensifying oversupply concerns. International institutions including UBS and JPMorgan have recently reduced positions in the stock.
(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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