Huatai Securities said in a research note it cut Ganfeng Lithium (01772.HK)
2026–2028 net profit attributable to parent to 60.4bn, 73.1bn and 81.6bn yuan,
down 22.4%, 23.2% and 25.7% versus prior, citing a QoQ fall in lithium carbonate
prices in Q3 and persistent market concern over 2027–28 demand. Huatai lowered
the H-share PT to HK$32.74 from HK$54.15.