[Brokerage Focus] Tianfeng Securities has initiated a "Buy" rating for TIANNENG POWER (00819), indicating that it is a leader in lead-acid batteries for two-wheelers with a favorable structure and low valuation.

Jingwu Finance | Tianfeng released a Research Report stating that with the implementation of the old-for-new exchange and new national standards for two-wheeled vehicles, the two-wheeled vehicle Industry is expected to return to double-digit growth by 2025, and lead-acid Batteries will also benefit from the overall recovery of electric two-wheeled vehicles. Looking ahead, the penetration rate of lead-acid Batteries is expected to increase. Safety is the top priority for two-wheeled vehicle Batteries, and lead-acid is the optimal choice, with a weak possibility of replacement. In addition, the relaxation of weight limits in the new national standards is expected to slightly increase Battery capacity, and the overseas Business in the medium to long term will also contribute additional growth space. The report indicates that TIANNENG POWER (00819) maintains a sales ratio of approximately 1:3 between the lead-acid power Battery first vehicle market and the aftermarket replacement market.

Jinwu Finance News02:57 ET

Cui Dongshu: The domestic sales of Lithium Battery in December 2024 were 75.4Wh, an increase of 57% year-on-year.

In the past two years, the Electric Vehicles and Energy Industry have been very prosperous, leading to a rapid increase in demand for Batteries, while the installation ratio of Batteries for Electric Vehicles has decreased.

Zhitong FinanceJan 18 02:06 ET

TrendForce: Material costs have slightly risen, and it is expected that Cell prices will stabilize in Q1 2025.

According to the latest survey by TrendForce, in 2024, after a long decline, prices of Cell in China Shipbuilding Industry Group Power and energy storage are expected to stabilize by the fourth quarter.

Zhitong FinanceJan 13 00:34 ET

Calculating The Fair Value Of Tianneng Power International Limited (HKG:819)

Simply Wall StJan 9 17:32 ET

The "cold winter" is not over yet! Industry worries: lithium prices are still difficult to achieve a significant rebound this year.

① After experiencing two years of cyclical adjustments, many industry insiders predict that Lithium prices may still face challenges in 2025; ② With the ongoing surplus in Lithium supply, and the possibility that some mines might restart if prices rise, it means that this Battery Metal may still be unlikely to see a significant rebound this year.

cls.cnJan 7 22:39 ET

The risk of oversupply is hard to diminish. Analysts say that lithium prices are more likely to fall than to rise this year.

The stubborn elasticity of lithium supply remains an obstacle to recovery.

Zhitong FinanceJan 7 20:29 ET