DBS: Ningde Times' profitability is expected to be strong in the coming years.

Analysts from DBS Group wrote in a report that Contemporary Amperex Technology (CATL) is expected to have strong profitability in the coming years. They added that the company's leading high-end products will continue to be upgraded, allowing them to maintain profitability higher than their peers. They indicated that the company is expected to be a major beneficiary of the rapid deployment of battery energy storage systems. They stated that the company is currently increasing production capacity at its factory in Germany, and constructing additional overseas facilities in Hungary, Spain, and Indonesia. They added that these expansions are aimed at meeting the growing demand across various industries. DBS Group is maintaining a buy rating on the stock and raising the target price from 675 Hong Kong dollars to 925 Hong Kong dollars. The stock is currently trading at 738.50 Hong Kong dollars.