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<Research>UBS Reiterates Rating Buy on BYD COMPANY w/ TP HKD160; Turning Point for Rebound Reached
Recommend 57 Positive 100 Negative 31 |
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Investors have generally held a bearish sentiment regarding BYD COMPANY (01211.HK) since its 2Q25 results failed to deliver in-line earnings three weeks ago, UBS wrote in its research report. Typical concerns include BYD COMPANY's market share being taken by smaller electric vehicle (EV) makers and high fixed costs heaping pressure on profits. In contrast, battery stocks have performed positively, especially CONTEMPORARY AMPEREX (300750.SZ), which has risen by 26% in the past month. Given that BYD COMPANY itself is the world's second-largest EV/ ESS battery manufacturer with increasing external sales of its batteries, UBS believes that the company's stock price is at a turning point for a rebound. The broker has reiterated a Buy rating for BYD COMPANY, with a target price of HKD160. AAStocks Financial News |
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