Changes in Hong Kong stocks | The Ningde Era (03750) fell by more than 6%. The cornerstone ban period will expire on the 19th of next month, and Daimojun will downgrade the company's H share rating

The Zhitong Finance App learned that the Ningde Era (03750) fell by more than 6%. As of press release, it fell 5.81% to HK$551, with a turnover of HK$622 million.

According to the news, J.P. Morgan Chase previously downgraded the rating of Hong Kong stocks in the Ningde Era from “increase in holdings” to “neutral,” saying that the current valuation is reasonable; at the same time, it raised the target price by 13% to HK$600. Analysts wrote in the report that the ban period for cornerstone investors holding nearly 50% of the issued Hong Kong shares will expire on November 19, which may put some pressure on them and put pressure on technical prices. The new target price is based on a profit forecast of 30 times the price-earnings ratio for 2026.

Morgan Stanley, on the other hand, said that it raised the target price of A-shares in the Ningde Era from 425 yuan to 490 yuan, reaffirming the “increase” rating; the target price for H shares was raised from HK$465 to HK$585, the rating was downgraded from “increasing holdings” to “in sync with the market”, and changing the preferred target from H shares to A shares. The bank expects the mainland energy storage industry to shift from low quality to high-quality development in the next five years. It is estimated that the market share of the domestic energy storage industry in the Ningde era will increase from about 10% now to more than 50% within the next three years.