CATL's Battery Unit May See Stable Profitability, Strong Cash Flows -- Market Talk

Dow Jones04-16

0254 GMT - Contemporary Amperex Technology's battery unit may have stable profitability and strong cash flows, Nomura analysts write in a note. Despite lower revenue in 1Q due to unfavorable battery average selling prices, the analysts reckon the company will see a sequential recovery of battery shipments in 2Q. Improving electric-vehicle demand in China and overseas expansion of Chinese EV makers will help support the company's battery demand and earnings in 2Q, they add. Nomura maintains its buy rating for the stock and a target price of CNY240. Shares last at CNY196.29.(jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

April 15, 2024 22:54 ET (02:54 GMT)

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Despite lower revenue in 1Q due to unfavorable battery ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1820825898.SGD","symbol_name":"Aberdeen Standard SICAV I - China A Share Equity A Acc SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2427931864","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2427931864","pubTimestamp":1713236040,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0254 GMT - Contemporary Amperex Technology's battery unit may have stable profitability and strong cash flows, Nomura analysts write in a note. 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Despite lower revenue in 1Q due to unfavorable battery average selling prices, the analysts reckon the company will see a sequential recovery of battery shipments in 2Q. Improving electric-vehicle demand in China and overseas expansion of Chinese EV makers will help support the company's battery demand and earnings in 2Q, they add. Nomura maintains its buy rating for the stock and a target price of CNY240. 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