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<Research>CLSA Reiterates High-Conviction Outperform Rating for CATL w/ Positive Outlook for Next Yr
Recommend
7
Positive
13
Negative
3
CLSA has published a research report reiterating a High-Conviction Outperform rating for CATL (03750.HK) and keeping its target price at HKD685 unchanged.

The report highlighted that the dissipated concerns over the unlocking of CATL's H-shares led to a stabilization in the stock prices.

Given that CATL's management provided guidance for battery shipments in 1Q26 to remain flat QoQ, namely an expected growth of 60% YoY, and Australia announced a new residential energy storage system subsidy plan, CLSA regards CATL's outlook for 2026 as positive.
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