$DONGYUE GROUP (00189.HK)$ Credit Suisse: Maintain Dongyue G...

$DONGYUE GROUP (00189.HK)$ Credit Suisse: Maintain Dongyue Group's "Outperform" rating, target price rose 3.3% to 31 Hong Kong dollars

According to the report, the company plans to upgrade its PVDF (polyvinylidene fluoride, one of the raw materials for fluorocarbon coatings) production capacity by 2,000 tons per year from the current 10,000 tons. It is expected to be completed in the second quarter of next year. Supplying 5,000 tons of lithium-ion battery standard PVDF per year (currently 3,000 tons), increasing its domestic market share from about 25% to about 35%