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<Research>CLSA Expects Positive Mkt Reaction to CATL's 7% Discounted Placement to Raise USD5B
Recommend 18 Positive 22 Negative 25 |
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CATL (03750.HK) has announced plans to raise nearly USD5 billion at a 7% discounted share placement, according to a CLSA research report. CLSA reiterated a High-Conviction Outperform rating on CATL and kept the target price at HKD820, citing that the completion of the placement would help eliminate market concerns over the uncertainty regarding the timing of the share placement. This share placement is expected to lead to a share dilution of less than 2%, which should receive a positive market reaction. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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