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CATL Likely to Sustain Growth Momentum on Domestic Dominance, Global Expansion -- Market Talk

Dow Jones03-18

0332 GMT - CATL's volume and margin outlook appears constructive to HSBC Qianhai Securities, which reiterates its buy rating on the Chinese battery giant. Analysts Elaine Chen and Michel Liu note the company's leading position in China's EV battery industry, market-share gains overseas and growing energy-storage-system battery demand. Near-term catalysts include solid 1Q results and continued order wins, they say in a note. HSBC Qianhai raises its 2025 and 2026 revenue forecasts for the battery maker by 4% each, citing a better shipment outlook. Over 2025-2027, CATL could deliver an EPS CAGR of 17% as its overseas factory's ramp-up unlocks more order-book potential amid global trade uncertainties, it adds. HSBC Qianhai raises the stock's target price to CNY331 from CNY319. Shares rise 0.1% to CNY256.24. (farah.elias@wsj.com)

 

(END) Dow Jones Newswires

March 17, 2025 23:32 ET (03:32 GMT)

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