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<Research>Citi: CATL (300750.SZ) Shr Price Weakness Provides Better Buying Opportunity
Recommend 8 Positive 13 Negative 4 |
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The share price of CATL (300750.SZ) was weak, mainly due to market concerns over Zimbabwe's lithium export ban, which may lead to higher lithium costs and adversely affect battery profit margins, Citi Research published a research report saying. The broker noted that such concerns are not new, as the recent upcycle of battery prices has shifted from demand-driven to cost-driven. However, Citi Research believed that the weakness in CATL's stock price offers a better buying opportunity for long-term investors. The broker was confident that, despite rising costs, CATL's net profit will remain stable at RMB11 cents per Wh. The management is set to release annual results guidance on 9 March, announce 1Q26 results in April, and the potential restart of its JXW mine in June, which may serve as upcoming catalysts. Therefore, Citi Research maintained its target price of RMB571 for CATL's A-shares, with rating at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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