On June 12, CALB Group rose 5.07% in regular trading, trading at HK$26.06/share, with turnover of HK$64.50 million. The stock rebounded strongly after consecutive sessions of decline earlier in the week.
On the news front, the lithium battery sector saw broad-based strength. Huatai Securities issued a research report indicating that global lithium battery demand continues to grow, with European EV penetration expected to surpass 30% this year. Combined with rising battery capacity per vehicle, supply-demand dynamics in the industry chain are progressively tightening. Lithium battery material companies saw higher capacity utilization and product price recovery in the first half, with the industry entering a profitability repair phase featuring simultaneous volume and price increases.
Additionally, CALB recently signed a 220MWh energy storage system procurement agreement with Japan's GRF Corporation, expanding its presence in the high-end Japanese storage market. Huatai Securities maintains a Buy rating on CALB with a target price of HK$44.41, projecting net profit growth of 100.9% in the current fiscal year, citing balanced customer structure and rapid iteration in large-cell energy storage products.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments