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<Research>BofAS Elevates CATL (03750.HK) TP to $475 as 2Q Profit Beats
Recommend 7 Positive 26 Negative 14 |
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CATL (03750.HK)(300750.SZ)'s 2Q25 revenue was RMB94 billion, up 8% YoY and 11% QoQ, missing expectations, according to a research report issued by BofA Securities. Due to increased overseas sales, the appreciation of EUR against RMB and more licensing income, the Company's gross profit margin exceeded forecast. Therefore, net profit for the period grew by 34% YoY and 18% QoQ, surpassing prediction. The broker elevated its target price for CATL from $400 to $475, with rating reiterated at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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