The target stock price has been lowered to 180 yuan, and Ningde Times has been bearish by Morgan Stanley, leaving investors confused! Intraday drop of nearly 7% due to turbulence | Ningde | Times

Release time:Apr 13, 2024 20:52 PM

On June 7th, Morgan Stanley released a research report "bearish" on CATL. Morgan Stanley stated that the current decline in profit margins for battery materials companies has been largely reflected in stock prices, and CATL may face increasing risks in terms of market share and profit margins. Based on this, Morgan Stanley has downgraded CATL's rating from equal weight to low allocation, and lowered CATL's target price by approximately 16% to 180 yuan per share.

In addition, Morgan Stanley also pointed out in its report that it is expected that battery production capacity will remain surplus in the short term, making price wars inevitable. Second tier battery manufacturers may adopt more aggressive pricing strategies in the second half of this year to gain market share, and CATL's market share may further shrink.

In April of this year, according to data released by SNE Research, CATL's market share in the domestic market decreased to 46%, and its market share in the domestic market except for BYD also shrank to 59%. Morgan Stanley stated that we have further lowered our forecast for CATL's domestic market share, predicting that its market share in 2023 will decrease from 55% to 47%, while its long-term market share will decrease from 45% to 40%. On a global scale, Ningde Times has lowered its long-term market share from 30% to 25%, which is lower than the market's generally believed over 30%.

Affected by this news, the stock price of Ningde Times continued to decline at the beginning of trading today, with a sharp drop of nearly 7% during the day. As of the afternoon close on June 7th, it has fallen by 5.61% to 206.98 yuan, with a total market value of 909.9 billion yuan.

Recently, there have been constant controversies in the Ningde era. According to the US technology media The Verge on June 3rd, the Model 3 imported from China, as updated on Tesla's US official website, is eligible for a $7500 tax reduction in the United States. Some views point out that the imported Tesla Model 3 model receives full subsidies, which means that its "battery components" and "key raw materials" comply with the production regulations of the US Inflation Reduction Act of 2022. Therefore, Tesla Model 3 will no longer use CATL's lithium iron phosphate batteries in the North American market.


The target stock price has been lowered to 180 yuan, and Ningde Times has been bearish by Morgan Stanley, leaving investors confused! Intraday drop of nearly 7% due to turbulence | Ningde | Times

On June 5th, the stock price of Ningde Times fell 3.78% in response. On June 6th, the stock price of Ningde Times continued to decline. Since the beginning of this week, the total market value of Ningde Times has shrunk by over 90 billion yuan.

On the afternoon of June 5th, CATL refuted rumors on the investor interaction platform that the news that CATL does not supply Tesla North America is not true, and that CATL's strategic partnership with customers has not changed and will continue to deepen and improve. In addition, CATL batteries have not been seized by US customs.

Although CATL has debunked the rumors, Morgan Stanley pointed out in a research report that geopolitical factors may delay the global expansion plans of Chinese battery manufacturers. Due to the new tax incentives for electric vehicles under the IRA bill, it is currently unlikely that power batteries will be exported from China to the United States.

As of the time of publication, Ningde Times has not responded to the above news.

Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case
Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case

According to Hong Kong's Wen Wei Po, a bloody knife stabbing case occurred at Hollywood Square in Diamond Hill last Friday. The police arrested a 39 year old man on suspicion of stabbing two young women, one of whom was stabbed over 30 times. The suspect appeared in the Kwun Tong Magistrates Court this morning. The police at the Kwun Tong Magistrate's Court temporarily charged the suspect with two counts of murder last Sunday. The suspect appeared in court this morning at the Kwun Tong Magistrate's Court. Acting Chief Magistrate Zheng Jihang, after listening to the opinions of both the prosecution and defense, decided to postpone the hearing for two weeks until 9:30 am on June 19th, waiting for two psychiatric expert reports to be obtained. The defense did not object. Zheng Jihang approved the application, and the defendant needs to be temporarily detained at Xiaolan Mental Hospital. When the suspect appeared in court, he wore black framed glasses, a light gray shirt, and camouflage green shorts, and was able to answer the judge's questions normally. accordingly

Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest
Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest

Currently, the highly anticipated summer harvest work in Henan has shifted its focus to the northern region of Henan. According to the Henan Daily client, on June 4th, Lou Yangsheng, Secretary of the Henan Provincial Party Committee, presided over a special video scheduling meeting on the "Three Summers" work in the province, listened to the situation report, analyzed and judged the situation, and arranged and deployed the next steps of work. Governor Wang Kai made specific arrangements. On the evening of May 31, 2023, in Xiafutou Village, Xuliang Town, Boai County, Jiaozuo, Henan Province, villagers braved light rain in the wheat fields to harvest wheat. Visual China Map Lou Yangsheng pointed out that the current summer harvest battle in the province has entered the decisive stage. Doing a good job in summer harvest in northern Henan Province is related to the summer grain yield and seed safety. We should focus on seizing opportunities and make every effort to organize the wheat harvesting work in the northern Henan region, minimize losses, and protect the interests of farmers to the greatest extent possible. Accurate forecasting is essential

Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology
Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology

On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Astronauts Fei Junlong, Deng Qingming, and Zhang Lu all safely and smoothly exited the spacecraft, and the Shenzhou-15 manned flight mission was a complete success. What innovative technologies are there to safeguard the return journey of Shenzhou 15 in this mission? On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Xinhua News Agency reporter Lian Zhen photographed that "the sky and the ground" ensure the high-precision return of spacecraft. For the Shenzhou series spacecraft, the return and re-entry GNC technology is directly related to the life safety of astronauts. Taking the success of this return mission as a symbol, China has comprehensively upgraded its GNC system since the Shenzhou-12 manned spacecraft, which features autonomous rapid rendezvous and docking, autonomous adaptive prediction and re-entry return guidance, and has completed a comprehensive update and replacement

The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet
The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet

At noon today, a Chinese naval fleet consisting of Zhanjiang and Xuchang ships arrived at the assembly area of the "Comodo-2023" multinational maritime joint exercise. It is understood that the assembly anchorage for this exercise is 3 nautical miles long and 1.5 nautical miles wide, capable of anchoring up to 50 ships. Naval vessels from various countries participating in the exercise will also arrive at the anchorage today to complete the assembly of the "Komodo 2023" multinational maritime joint exercise, which is held every two years by the Indonesian Navy. This year is already the fourth edition of the exercise. The exercise will be held from June 5th to 8th in the city of Jakarta, South Sulawesi Province, Indonesia, including the port and sea phases. In the coming days, participating navies from various countries will participate in ship reading style search and rescue exercises, maritime interception and damage management exercises, aerial exercises, and other course objectives exercises

New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale
New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale

On the evening of June 1st, the US Senate passed a bill on the federal government's debt ceiling and budget, and the flame of the US debt bomb was temporarily extinguished at the last moment. The two parties in the United States have staged an extreme tug of war over the US debt bomb. Some experts believe that the US debt crisis is the result of the reckless politics promoted by the US dollar hegemony, and the underlying cause of this crisis is the highly polarized political system of the US. Since the end of World War II, the US Congress has adjusted the debt ceiling more than a hundred times. The recurring debt crisis will not only have a catastrophic impact on the US economy and people's livelihoods, but also continuously erode the value of US dollar assets such as government credit and US bonds, bringing significant and far-reaching impacts to the global economic landscape. 【