CATL’s Narrowing Share Premium Signals Investor Caution Ahead of Q3 Earnings
Contemporary Amperex Technology Co. Limited (CATL) sees its Hong Kong-listed shares trading at a 30% premium to Shenzhen shares, down from 44% in July, as investors brace for Q3 earnings amid global trade tensions. The narrowing gap reflects heightened market sensitivity to battery demand forecasts and regulatory risks.
Shenzhen-listed CATL shares ROSE 2.33% to 366.50 yuan, underscoring confidence in the company's battery shipment growth. Analysts project Q3 net profit at 18.8 billion yuan, with power batteries driving the majority of revenue. Morgan Stanley anticipates strong quarterly battery sales, though FEOC rules and trade policies loom as potential headwinds.