CATL (03750.HK) -7.200 (-2.183%) Short selling $969.02M; Ratio 28.828% ended its debut at HKD306.2 yesterday (20th), up 16.4% from its listing price of HKD263. It continued to stretch its upswing this morning (21st). It last traded at HKD322.4, up 5.3%, on a turnover of HKD1.966 billion.Macquarie has published a report initiating an Outperform rating on CATL's H-shares with a target price of HKD360, equivalent to a forecasted FY26 P/E ratio of 18 times, marking a 4% premium over the broker's updated target price of RMB320 for its A-shares.Related NewsCiti Initiates Buy on CATL (03750.HK) with TP HKD425In Macquarie's opinion, CATL's plans to invest 90% of the funds raised from the H-share listing in the expansion of the Hungarian plant will be favorable for global expansion strategies. Despite a 3.4% equity dilution from the new share issuance, the currently low liquidity of H-shares is expected to maintain the H-/ A-share premium in the short term, though it is anticipated to normalize in the long term.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-22 16:25.)