宁德时代早盘逆市涨超4% 大摩给予“增持”评级

Core Viewpoint - Contemporary Amperex Technology Co., Limited (CATL) shares rose over 4% in early trading, indicating a positive market sentiment despite broader market conditions [5]. Group 1: Stock Performance - As of the latest update, CATL's stock price increased by 4.06%, reaching HKD 496.80, with a trading volume of HKD 1.069 billion [5]. - Morgan Stanley forecasts that CATL's stock will outperform the industry average in the next 15 days, with a probability of 70% to 80% [5]. Group 2: Analyst Insights - Morgan Stanley has rated CATL as "Overweight" with a target price of HKD 490 [5]. - The recent stock price correction has made CATL's short-term valuation more attractive, according to Morgan Stanley [5]. - The firm believes that market concerns regarding cost inflation impacting profit margins are overstated, as these costs can ultimately be passed on [5]. Group 3: Production and Inventory - CATL has demonstrated its ability to pass on costs during previous lithium price upcycles, and it is expected that lithium production will resume shortly [5]. - The company is projected to maintain a sufficient supply of low-cost inventory through the first quarter of 2026 [5].