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US President Trump: The decision on interest rate cuts will be left to Federal Reserve Chairman Warsh at the October meeting.
2026-06-06
US President Trump: The decision on interest rate cuts will be left to Federal Reserve Chairman Warsh at the October meeting.
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Other News
2026-06-05
China's international trade negotiator and vice minister Li Chenggang met with European Commission trade and economic security commissioner Maroš Šefčovič.
China's international trade negotiator and vice minister Li Chenggang met with European Commission trade and economic security commissioner Maroš Šefčovič.
2026-06-05
Citigroup raised CATL (03750.HK) profit forecasts for FY2026–FY2028 by 9%, 9% and 7% to 103.0 bln, 126.0 bln and 149.0 bln yuan after the company's Q1 results. Despite a lower unit gross‑margin assumption, Citi lifted battery volume forecasts, now ex
Citigroup raised CATL (03750.HK) profit forecasts for FY2026–FY2028 by 9%, 9% and 7% to 103.0 bln, 126.0 bln and 149.0 bln yuan after the company's Q1 results. Despite a lower unit gross‑margin assumption, Citi lifted battery volume forecasts, now expecting FY2026 battery production and shipments of 1.2 TWh and 1.0 TWh, up 61% and 54% YoY; it highlighted ESS demand as a key driver. Citi said short‑term lithium carbonate prices above 200,000 yuan/tonne would not destroy demand and could indicate demand resilience. Citi projects FY2026 Q2 net profit of 24.3 bln yuan on battery shipments of 260 GWh (YoY +77%, QoQ +29%). It raised the H‑share target price from HK$621 to HK$888, maintained Buy and sector pick status; the new PT equals 34.3x 2026E P/E and 8.7x P/B.
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