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Guotai Haitong Sticks to Their Buy Rating for Contemporary Amperex Technology Co., Limited Class H (3750)

Tipranks - Tipranks - Sun Apr 19, 2:32AM CDT

Guotai Haitong analyst maintained a Buy rating on Contemporary Amperex Technology Co., Limited Class H yesterday and set a price target of HK$773.00. The company’s shares closed yesterday at HK$692.00.

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Contemporary Amperex Technology Co., Limited Class H has an analyst consensus of Strong Buy, with a price target consensus of HK$697.49, representing a 0.79% upside. In a report released yesterday, DBS also maintained a Buy rating on the stock with a HK$925.00 price target.

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Based on Contemporary Amperex Technology Co., Limited Class H’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of HK$129.13 billion and a net profit of HK$20.74 billion. In comparison, last year the company earned a revenue of HK$84.7 billion and had a net profit of HK$13.96 billion

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