Citi Research believed that the upswing in the battery supply chain driven by strong expectations for energy storage systems (ESS) has mostly been reflected, and advised investors to maintain a cautiously optimistic stance before the Lunar New Year (LNY). The broker suggested investors to select defensive stocks like CATL (03750.HK) +8.600 (+1.781%) Short selling $20.00M; Ratio 4.302% in 1Q26, as seasonality and weak demand for EVs may create uncertainties in production pipeline prospects.Related NewsNomura Lists Core Long-Position Portfolio for APxJ Stocks (Table)Citi Research's short-term top pick is CATL, with a target price of $621/ RMB571 for CATL's H-/ A-shares.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-12-05 12:25.)