Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>CLSA: BYD COMPANY (01211.HK) Says Worst Period Over; Rating Reaffirmed at High Conviction Outperform
Recommend 27 Positive 53 Negative 10 |
||||
|
||||
|
BYD COMPANY (01211.HK) attributed its weaker-than-expected 2Q25 results to intense market competition, high costs and rebate policies for dealers, leading to a decline in profit per car, according to CLSA's research report. Meanwhile, the Group revealed plans to launch new models and facelift plans in 2H25, with the 'Titanium 7' series to be unveiled at the Chengdu Motor Show, and existing mass market models to be upgraded with original pricing. As prices stabilize due to enhanced vehicle features and as competitors' new product cycles gradually conclude, the Group was confident that the market will develop favorably in the future. Therefore, the broker reaffirmed rating at High Conviction Outperform for BYD COMPANY's H-/ A-shares, with target prices of $140/ RMB140 each, equivalent to a projected 2026 PE ratio of 19x, as the competitive landscape in China's EV market becomes more refined. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
