CLSA: CATL to Raise USD5B via 7% Discounted Placement; Expects Positive Market Reaction
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CLSA reports that CATLis raising nearly USD5 billion through a share placement at a 7% discount. The firm maintains a High-Conviction Outperform rating on CATL with a target price of HKD820. CLSA believes this placement will alleviate market concerns regarding timing and expects share dilution to be under 2%, anticipating a positive market reaction.
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