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<Research>CLSA Upgrades CATL (03750.HK) to High-Conviction Outperform
Recommend 13 Positive 20 Negative 9 |
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After the lock-up period for CATL (03750.HK) H-share IPO ended, the stock price corrected by 9% over the past two days, with the HA premium narrowing to 15%, CLSA said in a report. Calculated at 22x/18x FY2026/2027 PEs, the valuation of CATL H-shares is more appealing compared to its 31% CAGR in earnings for FY2025-2027. The broker upgraded CATL H-shares from Outperform to High-Conviction Outperform, maintaining the target price at HKD685. It also maintained High-Conviction Outperform for CATL (300750.SZ) A-shares with a target price of RMB500. AASTOCKS Financial News Website: www.aastocks.com |
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