[JPMorgan Chase: CATL H shares are now at a high premium to A shares
Possibility of a stock price correction is not ruled out] JPMorgan Chase said that CATL (03750.HK) is still the bank's first choice in the Chinese battery industry chain, although considering the excessive increase in the short term, the possibility of a correction is not ruled out. Morgan Stanley raised the target price of CATL's H shares and A shares by 14%, calling it a "game changer" in the field of the Internet of Things. CATL's recent outstanding performance is due to better-than-expected production prospects in July and expected second-quarter performance exceeding expectations. Since the first quarter, CATL has surpassed Kweichow Moutai to become the stock with the largest foreign holdings.
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