Topic：CATL

Unhidea explains global investment research, selected interviews and market briefs. Explore source attribution, dates, key assumptions and the reasoning behind each article.

CATL’s third-quarter revenue rises but profit falls; Morgan Stanley downgrades Hong Kong shares

Third-quarter revenue rose 59% year on year, but net profit per unit fell quarter on quarter. Morgan Stanley expects the drag from the product mix to ease in part, but sees the tax burden and price competition in energy storage continuing to squeeze profit, and has lowered its target prices for the A and H shares.

Morgan Stanley · 2026.10.30 02:27

CATL: Why does Goldman Sachs see energy storage system integration as the key to a valuation re-rating?

Goldman Sachs believes CATL’s transition into an energy storage system integrator could improve both gross profit per unit and its competitive position. Its price target therefore assigns a separate valuation to the energy storage business, but depends on earnings in 2030 and integration progress.

Goldman Sachs · 2026.10.30 02:43