Core Viewpoint - The upcoming expiration of cornerstone investor lock-up period for CATL's Hong Kong IPO on November 20 raises concerns about potential sell-offs, but the firm does not expect a significant price decline [1] Group 1: Market Sentiment - Concerns about profit-taking are anticipated as the lock-up period ends, but a major price drop is not expected [1] - Once uncertainties are resolved, CATL is expected to resume its upward trend driven by strong global energy storage system development and improved battery supply-demand dynamics by 2026 [1] Group 2: Analyst Ratings and Price Targets - The firm maintains an outperform rating for both CATL's A-shares and Hong Kong shares [1] - The target price for CATL's A-shares is set at 500 RMB, while the target price for its Hong Kong shares remains unchanged at 685 HKD [1]
里昂:维持宁德时代(03750)“跑赢大市”评级 料港股IPO锁定期届满引发大幅回调可能性不高