0254 GMT - CALB Group's growth is likely to continue to outpace its peers', DBS Group Research analysts say in a note. The electric-vehicle battery maker, which relies on Chinese customers, is likely to benefit from strong sales growth at customers including Xpeng and Leapmotor, says DBS. The analysts expect 65% sales growth at CALB in FY 2025 and a 40% compound annual growth rate during FY 2024-2027, exceeding the industry's expected 28% CAGR during the same period. The group's attributable profit is forecast to climb at an 89% CAGR over FY 2024-2026, the analysts say, citing strong volume growth from major customers and margin improvements. DBS starts CALB with a buy rating and target price of HK$26.00. Shares were last at HK$18.60. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

July 10, 2025 22:54 ET (02:54 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.