0135 GMT - Ganfeng Lithium's earnings are likely to rise as lithium prices improve, say DBS Group Research analysts in a note. The Chinese lithium company swung to a profit in 2025 due to higher lithium prices and fair-value gains from stock investments. They expect prices for the metal to remain high on tight supply due to strong battery demand. Ganfeng's earnings should benefit from higher product prices and margins and increased contribution from its battery and energy storage businesses, they add. DBS raises its target price on its Shenzhen-listed shares to CNY92 from CNY45 and on its Hong Kong-listed shares to HK$83 from HK$39. The bank maintains a buy rating on Ganfeng. Its Shenzhen shares were last at CNY74.36, while its Hong Kong shares were at HK$68.70. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
January 28, 2026 20:35 ET (01:35 GMT)
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