Bank of America Securities Reaffirms Their Buy Rating on Contemporary Amperex Technology Co., Limited Class H (3750)

Currently, the analyst consensus on Contemporary Amperex Technology Co., Limited Class H is a Strong Buy with an average price target of HK$783.22, implying a 15.95% upside from current levels. In a report released on June 23, DBS also maintained a Buy rating on the stock with a HK$925.00 price target.

Based on Contemporary Amperex Technology Co., Limited Class H’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of HK$129.13 billion and a net profit of HK$20.74 billion. In comparison, last year the company earned a revenue of HK$84.7 billion and had a net profit of HK$13.96 billion