In today’s briefing:
- CATL H Share Listing: AH Discount Views
CATL H Share Listing: AH Discount Views
- Contemporary Amperex Technology (CATL) (300750 CH), the world’s largest supplier of EV and ESS batteries, is set to launch an H Share listing to raise US$5 billion.
- In CATL H Share Listing: The Investment Case, a leading market position, forecasted return to growth, peer-leading profitability, cash generation, peer-leading FCF margin and an attractive valuation are highlighted.
- In this note, I examine the likely discount CATL will offer its H Shares compared to the A Shares.
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