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<Research>HSBC Global Research Lifts CATL (03750.HK) TP to $479; Overseas Mkt Shr Expansion Fuels Growth
Recommend 13 Positive 27 Negative 11 |
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HSBC Global Research released a report on CATL (03750.HK), which manifested a net profit of RMB16.5 billion in 2Q25, representing a YoY increment of 34% and a QoQ increase of 18%, surpassing the broker’s estimates. The robust results was mainly attributed to solid shipments and enhanced operation efficiency, with a utilization rate of 90% in 1H25. Over the past month, A-shares and H-shares have climbed by 10% and 30%, respectively, obviously outperforming the market, reflecting heightened market confidence in the company's prospects. HSBC Global Research accordingly raised CATL's earnings forecast for 2025-27 by 4-6%, mainly reflecting expectations of growth in European shipments and improved domestic price outlook. The target price for CATL's A-shares (300750.SZ) was raised from RMB322 to RMB363, and the H-shares target price was increased from HKD359 to HKD479, with the Buy rating upheld. The broker stayed optimistic about CATL's advantages in profitability and overseas market expansion. AASTOCKS Financial News Website: www.aastocks.com |
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