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<Research>UBS: CATL's 3Q Results Slightly Beat; Mkt Likely to Tweak Up Earnings Forecast
Recommend 2 Positive 9 Negative 2 |
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CATL (03750.HK)'s 3Q25 results slightly exceeded expectations, with its net profit rising by 12% QoQ or 41% YoY to RMB18.5 billion, according to a report from UBS. Meanwhile, CATL's 9M25 net profit reached RMB49 billion, accounting for 73% of the full-year market expectation of RMB67 billion, implying a 4Q25 net profit forecast of only RMB18 billion. Given that 4Q is usually better than 3Q due to seasonal factors, the market is expected to moderately raise its earnings forecasts for CATL. UBS has put CATL under review as its stock price has surpassed its target price. The broker's previous target price for CATL was HKD495 with a Buy rating. AAStocks Financial News |
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