CATL

Based in Ningde, CATL is widely regarded as one of China's flagship energy operators. Its scale — about 118k people, around $57B in turnover — translates into genuine strategic weight across Asia Pacific.

The group's regional balance sheet allows it to invest counter-cyclically, an advantage few competitors can match in the current rate environment.

“CATL is, in its category, exactly the kind of compounding regional champion the next decade of capital allocation will reward.”

Governance upgrades and a more transparent disclosure cadence are gradually narrowing the historical valuation gap with global peers.