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JPM Trims CATL (03750.HK) TP to $575, Rating Neutral
2025-11-17 10:25:27
The share prices of CATL's A-/ H-shares mushroomed by 7.6%/ 3.2% each on 13 November, mainly benefiting from the strategic cooperation agreement signed with HyperStrong, securing orders of no less than 200GWh, according to JPMorgan's research report. Recently, investors' expectations for CATL's output in 2026 increased along with market chatter.

JPMorgan continued to like CATL's A-shares as its top pick in China's battery industrial chain, with a target price of RMB480, representing a 19% upside from the latest closing price.

The broker trimmed its target price for CATL's H-shares from $600 to $575. Despite factoring in the approx. 10% valuation premium for H-shares over A-shares, there is only a 6% upside from the latest closing price, with rating at Neutral.
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AASTOCKS Financial News
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