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<Research>M Stanley Gauges 80%+ Odds of CATL's (300750.SZ) Stock Rise in Next 30 Days
Recommend 14 Positive 31 Negative 14 |
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There is an 80%+ likelihood of CATL's (03750.HK)(300750.SZ) A-share stock price rising in the next 30 days, Morgan Stanley said in a research report, in light of the recent pullback in its A-share price, making its short-term valuation more appealing. Morgan Stanley believed that South Korean battery manufacturer LG Energy's (LGES) order for energy storage systems (ESS) from Tesla (TSLA.US) accounts for only a small portion of Tesla's ESS capacity, with deliveries starting in 2027. Until then, CATL will remain the main supplier. Considering these factors, the broker estimated that now is an opportunity to buy CATL's A-shares, assigning an Overweight rating with a target price of RMB425. AASTOCKS Financial News Website: www.aastocks.com |
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