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<Research>CLSA Expects CATL (03750.HK) H-shr Premium to Sustain
Recommend 21 Positive 49 Negative 44 |
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CATL (03750.HK) has soared by over 23% in total since its listing in Hong Kong, and is currently trading at an 11% premium compared to its A-shares, something that has not happened since 2014, CLSA released a research report saying. The current H-share premium may partly reflect the optimistic sentiment for Hong Kong listing. The broker reiterated rating at High Conviction Outperform for CATL, with a target price of $385. BYD COMPANY (01211.HK) is the closest dual-listed peer to CATL, with its H-shares currently trading at a 5% premium, and having been trading at a premium to the A-shares since early-May. The current 11% H-share premium for CATL might be due to the optimistic sentiment surrounding Hong Kong listing, but even after the initial market excitement, the H-share premium is expected to sustain. AASTOCKS Financial News Website: www.aastocks.com |
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