Morgan Stanley on CATL as a "True High Dividend" Stock

After a market value drop of 800 billion yuan, Morgan Stanley referred to $Contemporary Amperex Technology(300750.SZ)$ as a "true high dividend" stock. They highlighted CATL's 3% dividend yield as a potential support for its stock price and noted that the company faces lower risks to profitability compared to other high dividend stocks in China. Morgan Stanley maintains an overweight rating for CATL, with a target price of 230 yuan per share, about 50 yuan higher than the current price.