On June 15, CALB (03931.HK) rose 6.03% in regular trading, reaching HK$26.9 per share, with turnover of HK$55.24 million. The rally follows multiple positive catalysts including institutional accumulation and bullish analyst coverage.
According to Hong Kong Stock Exchange filings, JPMorgan increased its H-share long position in CALB from 0.86% to 7.62%, acquiring guarantee interest in approximately 17.98 million H-shares. Additionally, a fresh research initiation assigned the company a Buy rating with a target price of HK$33.3, citing expectations of 54.2%-249.0% annual revenue growth over the next three years and net profit reaching RMB 3.68 billion.
Fundamentally, CALB reported Q1 gross margin of 15.25% and net margin of 4.62%, with attributable net profit surging 62% year-over-year. The company ranked among the top three globally in power battery installations as of October last year, completing its transformation from a follower to an industry leader under its strategic pivot toward passenger vehicles and ternary battery technology.
Within the Auto Parts & Equipment sector, SEYOND rose 12.04%, Johnson Electric rose 4.17%, Minth Group rose 3.32%, Hesai-W rose 0.42%, and Fuyao Glass rose 0.09%.
(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.)
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