CATL 3750

[winston]

not vested

<Research>G Sachs Downgrades CATL (03750.HK) to Neutral on Valuation, Hikes TP to $436

CATL (03750.HK) reported the 2Q25 revenue of RMB94 billion, up 8% YoY, which was 10% below the broker's forecast, Goldman Sachs said in its research report.

Net profit reached RMB16.5 billion, up 34% YoY, topping expectations by 6%.

The broker revised down its earnings forecasts of the company for 2025-27 by 1%/ 5%/ 3%, mainly reflecting the anticipated decline in battery unit gross profit.

Related News: BofAS Elevates CATL (03750.HK) TP to $475 as 2Q Profit Beats

It maintained a Buy rating for CATL's A-shares (300750.SZ) -7.310 (-2.638%) , raising the target price from RMB323 to RMB328, but downgraded the H-shares rating to Neutral due to valuation factors, lifting the target price from HKD411 to HKD436.

Source: AASTOCKS Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

<Research>M Stanley Downgrades CATL (03750.HK) to Equalweight; Top Pick A-shrs w/ Rating Overweight

Morgan Stanley released a research report expecting that the energy storage industry in China will shift from low-quality to high-quality development over the next 5 years.

Compared to smaller battery manufacturers, CATL (03750.HK)'s products are anticipated to generate a premium of 7-15 ppts in investment return for energy storage projects.

The broker raised its EBITDA forecast for CATL, and elevated its target price for CATL's A-shares (300750.SZ) from RMB425 to RMB490, with rating reiterated at Overweight.

Morgan Stanley also elevated its target price for CATL's H-shares from $465 to $585, and downgraded rating from Overweight to Equalweight, with top pick target shifted from H-shares to A-shares.

Source: AASTOCKS Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN