Morgan Stanley: Raised NINGDE TIMES (03750.HK) target price to 700 Hong Kong dollars and rated "Outperform" against the market.

According to the Wisdom Financial APP, Macquarie released a research report stating that it has raised the target price of Contemporary Amperex Technology Co. Limited (CATL) from 680 Hong Kong dollars to 700 Hong Kong dollars, and reiterated its "outperform" rating. The bank pointed out that despite the softening of domestic demand for electric vehicles affecting sentiment, CATL can offset the impact by increasing the installation of batteries per vehicle and transferring costs. Although the bank has lowered its profit forecast for the fiscal year 2026 by 9%, it has adjusted the valuation benchmark to 20 times the earnings per share for the fiscal year 2027, and considering the supply and demand situation for shares, it has increased the H-share premium from 20% to 25%.