CATL(SZ:300750) Zhi Tong Cai Jing·2025-11-10 07:39Core Viewpoint - The upcoming expiration of the cornerstone investor lock-up period for CATL's Hong Kong IPO on November 20 has raised concerns about potential sell-offs, but the firm does not expect a significant decline in stock price [1] Group 1: Market Sentiment - Concerns about profit-taking are anticipated, but a major stock price drop is not expected [1] - Once uncertainties are resolved, CATL is expected to resume its upward trend [1] Group 2: Future Outlook - The growth in global energy storage systems and improvements in battery supply-demand dynamics by 2026 are key factors driving the positive outlook for CATL [1] - The firm maintains a "buy" rating for both A-shares and Hong Kong shares of CATL, with a target price of 500 RMB for A-shares and 685 HKD for Hong Kong shares [1]