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<Research>CLSA Expects Positive Mkt Reaction to CATL's 7% Discounted Placement to Raise USD5B
Recommend 13 Positive 19 Negative 18 |
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CATL (03750.HK) has announced plans to raise nearly USD5 billion at a 7% discounted share placement, according to a CLSA research report. CLSA reiterated a High-Conviction Outperform rating on CATL and kept the target price at HKD820, citing that the completion of the placement would help eliminate market concerns over the uncertainty regarding the timing of the share placement. This share placement is expected to lead to a share dilution of less than 2%, which should receive a positive market reaction. Auto-translated by AI AASTOCKS Financial News |
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