Lates News

According to the AI Express of Every Economy, Dongwu Securities issued a research report on August 18, giving a buy rating to Huayou Cobalt (603799.SH) with a target price of 53 yuan. The reasons for the rating mainly include: 1) performance is at the middle of the forecast, in line with expectations; 2) the nickel wet method project continues to overproduce, maintaining a stable profit per ton; 3) the cobalt price has been rising since Q2, releasing performance elasticity, and the second wave of price increases may come in the second half of the year; 4) copper contributes stable profits, and lithium balances profits and losses; 5) Q2 sales of ternary positive electrodes increased significantly month-on-month, with a potential growth of over 90% for the whole year; 6) in Q2 2019, cautious provision for impairment losses was made, leading to a decline in operating cash flow. (Daily Economic News)