Ganfeng stock fell 6.4 percent to HKD 23.96 on October 16, 2026, 1.1 percent above 52-week low
Published on 10/17/2026 at 22:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGanfeng falls 6.41 percent
- Futu's October 17, 2026 report put the H-share target at HKD 27.80.
- Ganfeng's price-to-earnings ratio was 12.39 on October 16, 2026.
- Ganfeng stock was last at HKD 23.96 in Hong Kong on October 16, 2026, down 6.41 percent from HKD 25.60.
- Tianqi Lithium fell 2.29 percent with a price-to-earnings ratio of 13.56 on October 16, 2026.
Ganfeng stock (ISIN CNE1000031W9) fell 6.41 percent to HKD 23.96 on October 16, 2026, leaving it 1.10 percent above its 52-week low of HKD 23.70. The move was recorded on the Hong Kong Stock Exchange, which was closed on October 17, 2026.
Ganfeng's price-to-earnings ratio was 12.39 on October 16, 2026, while its market capitalization stood at HKD 63.6 billion. The stock therefore finished the latest completed Hong Kong session close to its yearly low despite its valuation remaining positive on the quoted earnings measure.
Target remains above HKD 27.80
A report carried by Futu on October 17, 2026, cut the H-share target to HKD 27.80 while retaining an Outperform rating. The target stood 16.03 percent above the HKD 23.96 market price on October 16, 2026.
Ganfeng trades near its yearly low
The 52-week range was HKD 23.70 to HKD 91.20 as of October 16, 2026. Ganfeng's latest price was therefore 73.73 percent below the upper end of that range, while the distance to the low was 1.10 percent. The Hong Kong quote carried a volume of 30,055,875 shares against an average volume of 11,354,469 shares.
Comparison with peers
Ganfeng (HKEX, HKD): minus 6.41 percent, P/E 12.39, market capitalization HKD 63.6 billion
Tianqi Lithium (HKEX, HKD): minus 2.29 percent, P/E 13.56, market capitalization HKD 39.1 billion
Zijin Mining (HKEX, HKD): plus 2.24 percent, P/E 12.02, market capitalization HKD 849.8 billion
Latest Hong Kong price
Ganfeng was last at HKD 23.96 on the Hong Kong Stock Exchange on October 16, 2026 at 4:08 p.m. HKT, down 6.41 percent from the prior close of HKD 25.60. The next session will give investors the first fresh test of the HKD 23.70 yearly low.
Ganfeng stock market facts
- Company: Ganfeng Lithium Co., Limited
- ISIN: CNE1000031W9
- Ticker: 1772
- Primary exchange: Hong Kong Stock Exchange
- Price Hong Kong Stock Exchange (as of October 16, 2026, 4:08 p.m. HKT): HKD 23.96
- Change versus prior close: minus 6.41 percent
- Market capitalization: HKD 63.6 billion (as of October 16, 2026)
- 52-week range: HKD 23.70-HKD 91.20 (as of October 16, 2026)
- Sector / Industry: Basic Materials / Chemicals
Market context: Current market reports.
