JPMorgan: Maintains "Overweight" rating on CATL (03750.HK), target price HK$725

Zhitong Finance APP has learned that JPMorgan issued a research report maintaining an "Overweight" rating on CATL (03750.HK) with a target price of HK$725. The company's stock price has fallen 17% cumulatively this month, underperforming the Hang Seng Index's 2% decline over the same period, mainly due to market concerns over OEM automakers diversifying their supply, slowing demand, and intensifying competition. The bank believes the market is overly focused on short-term trends in selling prices and market share.