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CLSA Sticks to Its Buy Rating for Contemporary Amperex Technology Co., Limited Class H (3750)

Tipranks - Tipranks - Wed Mar 18, 7:50PM CDT

In a report released on March 16, Horace Tse from CLSA maintained a Buy rating on Contemporary Amperex Technology Co., Limited Class H, with a price target of HK$710.00. The company’s shares closed yesterday at HK$670.00.

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According to TipRanks, Tse is a 4-star analyst with an average return of 24.3% and a 70.97% success rate.

Currently, the analyst consensus on Contemporary Amperex Technology Co., Limited Class H is a Strong Buy with an average price target of HK$662.23, which is a -1.16% downside from current levels. In a report released yesterday, TipRanks – OpenAI also reiterated a Buy rating on the stock with a HK$764.00 price target.

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Based on Contemporary Amperex Technology Co., Limited Class H’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of HK$140.63 billion and a net profit of HK$23.17 billion. In comparison, last year the company earned a revenue of HK$102.97 billion and had a net profit of HK$14.74 billion

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