HK Stock Market Move | Contemporary Amperex Technology (03750) rose by over 4% in a bear market. Morgan Stanley is optimistic about the company's accelerated business performance and has raised the target price to 815 Hong Kong dollars.

Contemporary Amperex Technology (03750) rose more than 4% against the market this morning, rising by 4.04% to HK$657 by the time of drafting, with a trading volume of HK$8.67 billion. In terms of news, Morgan Stanley released a research report stating that it is expected that Contemporary Amperex Technology's sodium-ion battery and solid-state battery next-generation technology will quickly scale up, driving faster performance growth and continued market share improvement in the next three years. The net profit compound annual growth rate expectations for 2026-2028 have been raised from 25% to 30%. At the same time, the target price has been raised by 17% to HK$815 per share. Previously, Contemporary Amperex Technology released several cutting-edge battery products on the 2026 Super Tech Day, explicitly stating that sodium battery products will be mass-produced in the fourth quarter of 2026. On April 27, Contemporary Amperex Technology signed a strategic cooperation agreement on sodium-ion battery energy storage with Beijing HyperStrong Technology in Ningde, Fujian, reaching a three-year cooperation agreement for 60GWh of sodium-ion batteries. Beijing HyperStrong Technology also became Contemporary Amperex Technology's first strategic partner in sodium battery energy storage, and both sides will engage in comprehensive cooperation in technology research and development, product application, and project implementation.