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Morgan Stanley Expects CATL Q2 Earnings to Exceed Guidance, Maintains Overweight

GateNews
Stocks
CATL-0.07%
According to Morgan Stanley, CATL (03750) is expected to release second-quarter earnings on Friday that will likely exceed company guidance and the bank's estimates of 22-23 billion yuan in net profit. The brokerage maintained an "overweight" rating on the stock, citing strong near-term growth prospects driven by EV diesel conversion, an energy storage super-cycle, and the launch of sodium-ion battery products.
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