Global Mobility/Transport, Equity Long-Short

Mohshin Aziz

Capital market veteran with 22 years experience with stints as an analyst (sell-side & buyside), investor relations and fund manager. 

My key expertise in the aviation sector. My definition of "aviation" includes airlines, travel tours, airports, airport retail & services, OEMs, online travel agents, aircraft lessors, air cargo/logistics, etc.   

I have an active watchlist consisting 190 companies across 41 countries. The aviation sector is highly cyclical and I am constantly evaluating signals to uncover attractive trade opportunities.

Contemporary Amperex Technology (300750 CH) 1Q24 Better than Expected

Equity Bottom-Up

Contemporary Amperex Technology (CATL) / Equity Bottom-Up

Contemporary Amperex Technology (CATL) (300750 CH)

<ul>
<li>2Q24 results were decent, with 13% YoY growth in net income to CNY12.4 billion, but share price continues to drift down as market fears western nations resistance to Chinese EVs </li>
<li>Operationally, things are just fine , CATL will add 153GWh capacity in 2H24 across China, Europe, and the U.S.A. - and they are finding solution around the 2026 new tariffs  </li>
<li>Our fair value of CNY253 (+43% UPSIDE) is derived by 23x 2024 PE ratio, which is 1SD below its historical mean. CATL is currently trading at exceptionally low valuations</li>
</ul>


2Q24 results were decent, with 13% YoY growth in net income to CNY12.4 billion, but share price continues to drift down as market fears western nations resistance to Chinese EVs 
Operationally, things are just fine , CATL will add 153GWh capacity in 2H24 across China, Europe, and the U.S.A. - and they are finding solution around the 2026 new tariffs  
Our fair value of CNY253 (+43% UPSIDE) is derived by 23x 2024 PE ratio, which is 1SD below its historical mean. CATL is currently trading at exceptionally low valuations


Contemporary Amperex Technology (300750 CH): Cheap Valuations on Negative Sentiments