CATL’s Hong Kong Stock Premium Eases as Earnings Caution Sets In

Contemporary Amperex Technology Co.’s premium in Hong Kong over its mainland-listed shares is narrowing ahead of third-quarter results, signaling growing caution among global investors toward the battery giant.

Shares listed in the Asian financial hub are about 30% more expensive than those listed in Shenzhen after adjusting for currency differences. That compares with a premium of 44% in July, in the lead up to the announcement of the company’s record second-quarter profit.