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<Research>G Sachs Sets BYD COMPANY (01211.HK) TP at $134 as 1Q Operating Profit Well Above Forecast
Recommend 6 Positive 9 Negative 5 |
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BYD COMPANY (01211.HK) delivered strong 1Q26 results, with revenue/ gross profit/ operating profit beating Goldman Sachs' expectations by 12%/ 18%/ 82% respectively, Goldman Sachs published a research report saying. The outstanding performance appeared to benefit from a higher contribution from overseas sales, which reached 46% in the quarter, along with better-than-expected external battery sales and stringent bill-of-materials cost control, boosting the gross margin to 18.8%. Therefore, the broker rated BYD COMPANY at Buy, with a target price of $134. Auto-translated by AI AASTOCKS Financial News |
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