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<Research>G Sachs Downgrades CATL (03750.HK) to Neutral on Valuation, Hikes TP to $436
Recommend 16 Positive 20 Negative 12 |
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CATL (03750.HK) reported the 2Q25 revenue of RMB94 billion, up 8% YoY, which was 10% below the broker's forecast, Goldman Sachs said in its research report. Net profit reached RMB16.5 billion, up 34% YoY, topping expectations by 6%. The broker revised down its earnings forecasts of the company for 2025-27 by 1%/ 5%/ 3%, mainly reflecting the anticipated decline in battery unit gross profit. It maintained a Buy rating for CATL's A-shares (300750.SZ), raising the target price from RMB323 to RMB328, but downgraded the H-shares rating to Neutral due to valuation factors, lifting the target price from HKD411 to HKD436. AASTOCKS Financial News Website: www.aastocks.com |
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