摩根大通建议买入宁德时代A股 卖出其H股

Core Viewpoint - Morgan Stanley recommends buying CATL's shares listed in Shenzhen and selling those listed in Hong Kong due to the impending expiration of stock sale restrictions for early key investors [1] Group 1: Stock Market Analysis - Starting from November 19, cornerstone investors of CATL's Hong Kong listing will be able to sell their shares, potentially releasing nearly 50% of CATL's H-shares into circulation [1] - The report indicates that the unlocking of these shares could be a key catalyst for reversing the premium of CATL's H-shares over A-shares [1] Group 2: Performance Comparison - Since its Hong Kong listing six months ago, CATL's H-shares have surged by 116%, while its A-shares have only increased by 60% during the same period [1] - Currently, after adjusting for exchange rate factors, CATL's H-shares are approximately 25% more expensive than its A-shares, which is unusual as most companies listed in both markets typically see A-shares trading at a premium to H-shares [1]