A key supplier to Tesla and many other global carmakers, CATL has faced concerns from competition to geopolitical tensions.
CATL already reported preliminary figures showing record full-year net income, while sales fell on weak prices. The market is awaiting more details on its upcoming Hong Kong listing, which could raise more than US$5 billion ($6.68 billion), as well as any updates on the impact of US regulations.
Analysts remain bullish on the stock, with 52 "buy" recommendations against two "holds" and no "sells". The average price target projects a gain of 36% in the share price over the next 12 months.
See also: Retiring The Edge Singapore’s global portfolio
Chart: Bloomberg
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