CATLRises 2.6% Against Market; M Stanley Lifts H Share TP to HKD815
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CATLsaw a rise of 2.61% in its stock price, reaching HKD648, with a turnover of HKD1.528 billion. Morgan Stanley has increased its target price for CATL's H shares by 17% to HKD815, citing expectations for rapid commercialization of next-generation battery technologies, which could boost earnings growth and market share significantly over the next three years. The projected compound annual growth rate (CAGR) of net profit for 2026 to 2028 has been raised from 25% to 30%.
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