FITCH: HIGHER AVERAGE OIL PRICES MAY INCENTIVISE NIGERIAN BANKS TO GRANT MORE LOANS TO OIL AND GAS COMPANIES

Contemporary Amperex Technology is likely to demonstrate continued momentum in battery shipments this year, Nomura analysts write in a note. Robust demand for energy storage systems will likely contribute to the company's revenue growth this year, they say. The company's rising market share in the global EV battery shipment due to higher unit battery usage per vehicle should offset weakness in domestic passenger EV demand, they add. The company's unit profitability in the first quarter remained resilient due to its pricing mechanism to partially pass on cost inflation to customers, they add. Nomura maintains a buy rating for the stock and a target price of CNY476.

A股開盤，滬指開漲0.07%，深證成指開漲0.33%，創業板指開漲0.46%。