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<Research>CLSA Keeps CATL (03750.HK) at Outperform, Expects Low Odds of Major Correction Post HK IPO Lock-up Expiry
Recommend 8 Positive 19 Negative 5 |
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The upcoming expiration of the lock-up period for cornerstone investors in CATL's (03750.HK)(300750.SZ) Hong Kong IPO on November 20 sparked market concerns about potential selling pressure on the stock, CLSA wrote in its research report. The broker anticipated some profit-taking actions, while not foreseeing a major correction in the stock price. Once this overhang is ousted, CATL is projected to resume its uptrend, on the back of robust ESS development globally and better battery S/D dynamics in 2026. Therefore, the broker reaffirmed its Outperform rating for CATL's A-shares and H-shares. The target price for A-shares was set at RMB500, while that for H-shares remained unchanged at HKD685. AASTOCKS Financial News Website: www.aastocks.com |
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