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<Research>Citi Opens Downside 30-day Catalyst Watch on CATL (03750.HK), Focuses on Profit Pressure
Recommend 10 Positive 14 Negative 11 |
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Citi Research issued a research report opening a downside 30-day catalyst watch on the H-shares of CATL (03750.HK). The broker was concerned about rising costs, including lithium, copper and electrolytes, which are putting downside pressure on battery firms' profits. This, alongside with concerns from weak EV sales and selling pressure caused by capital flows, may lead to underperformance in the share prices of battery companies like CATL. Therefore, Citi Research currently rated CATL at Buy, with a target price of $621. AASTOCKS Financial News Website: www.aastocks.com |
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