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Citic Securities: Overseas lithium resources are being cleared at an accelerated pace, and expectations for a bottom in lithium prices are strengthening.
CITIC Securities released a research report stating that the lithium price rebounded in Q2 2024, driving the recovery of overseas lithium mine supply; lithium extraction from salt lakes in South America saw a year-on-year increase in production in Q2 2024, with a corresponding improvement in performance.
Veson Holdings Records Lower Attributable Profit in H1
VESON HLDG: Interim Report 2024
Is the domestic battery production capacity underestimated? JPMorgan: Potential additional capacity reaches 700GWh, it will take at least 3 years to digest.
jpmorgan believes that more than 700GWh of 'under construction fixed assets' will not be fully absorbed until the end of 2027, and this phenomenon is particularly evident among second-tier battery manufacturers. Third-tier companies may exhaust their cash and quietly exit the market in the coming years. However, given the market concentration, the exit of these companies has almost no impact on the industry's competitive landscape.
The price of lithium carbonate futures has surged, with a single-day increase of nearly 0.03 million contracts. The rumor of production suspension at Contemporary Amperex Technology has been confirmed. Will there be a bottoming out and rebound?
① Market experts have stated that if there is a significant reduction in the output of lithium carbonate in the coming months, the destocking level in September and October may exceed expectations; ② As the consumer market enters the peak season of "Golden September and Silver October", the fundamentals have improved recently and a turning point in inventory has already emerged.
Veson Hldg [01399] is now trading at HKD 0.201, a decrease of 10.27%.
As of 11:38, veson hldg [01399] reported HK$0.201, a decrease of HK$0.023 or 10.27% from the closing price of HK$0.224 yesterday. The turnover was HK$0.0229 million. The highest price today was HK$0.213, and the lowest price was HK$0.2. Based on the closing price yesterday, the 10-day average price is HK$0.23, and the 50-day average price is HK$0.23. The current PE ratio is 11.08 times, and the 14-day relative strength index is 50.45.
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