Lyon: Optimistic about the prospects of Contemporary Amperex Technology (03750), reiterated "outperform" rating, calling for buying on dips.

Lyon has released a research report, reaffirming a "outperform" rating for Contemporary Amperex Technology (03750) H shares with a target price of HKD 685, and maintaining a "high conviction outperform" rating for Contemporary Amperex Technology (300750.SZ) A shares with a target price of RMB 500. The bank stated that it is optimistic about the prospects of Contemporary Amperex Technology and expects the current energy storage system boom to continue into next year. The bank believes Contemporary Amperex Technology is undervalued compared to other battery companies, and with its IPO lock-up period about to end, they recommend buying on a dip if the stock price falls.