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<Research>CLSA Raises CATL's TP to HKD670, Reiterates Rating Outperform
Recommend 10 Positive 18 Negative 3 |
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CLSA wrote in its report that it caught up with CATL (03750.HK) during its visit to the World Energy Storage Conference 2025 in Ningde. CATL is currently running at full capacity for both its electric vehicle and ESS production, with strong demand particularly from the overseas ESS market. Assuming a 10% increase in CATL's battery shipments for 2026-27, CLSA raised its 2026-27 EPS forecasts for the company by 9% each. CATL's target price was lifted from HKD535 to HKD670, with a rating reiterated as Outperform. AAStocks Financial News |
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