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Morgan Stanley Reaffirms Their Buy Rating on Contemporary Amperex Technology Co., Limited Class H (3750)

Tipranks - Tipranks - Sun May 31, 4:12AM CDT

Morgan Stanley analyst Jack Lu, CFA maintained a Buy rating on Contemporary Amperex Technology Co., Limited Class H on May 28 and set a price target of HK$815.00. The company’s shares closed yesterday at HK$717.00.

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According to TipRanks, Lu, CFA is a 4-star analyst with an average return of 46.9% and a 100.00% success rate.

Contemporary Amperex Technology Co., Limited Class H has an analyst consensus of Strong Buy, with a price target consensus of HK$750.15.

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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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