Lyon: Optimistic about the prospects of Contemporary Amperex Technology (03750.HK), reiterate "outperform" rating, recommend buying on dips.

According to the Zhitong Finance APP, Lyon released a research report stating that it reiterated a "outperform the market" rating for Ningde Times (03750.HK) H shares with a target price of 685 Hong Kong dollars, and maintained a "highly confident outperform the market" rating for Ningde Times (300750.SZ) A shares with a target price of 500 Chinese yuan. The bank expressed optimism about the future prospects of Ningde Times and expected the current energy storage system boom to continue into next year. The bank believes that Ningde Times is undervalued compared to other battery companies, and with its IPO lock-up period about to end, it suggests buying on dips when the stock price falls.