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<Research> M Stanley: BYD COMPANY (01211.HK) Recovery Hinges on Overseas Expansion and New Model Launch Progress, Rated Overweight
Recommend 4 Positive 15 Negative 7 |
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Morgan Stanley issued a research report stating that BYD COMPANY (01211.HK) recorded net profit of RMB4.1 billion in 1Q26, down 55% YoY and 56% QoQ, below the banks forecast of RMB4.6 billion and broadly in line with the revised market consensus of RMB4.0 billion to RMB5.0 billion. M Stanley believes BYDs 1Q results may have bottomed out, with the subsequent recovery trajectory dependent on overseas market expansion and the launch progress of new models in 2H26. After bottlenecks related to the second-generation Blade Battery are alleviated, models equipped with this technology are expected to become the market focus. The bank noted that the market may need time to digest the 1Q results, but expects attention to soon shift to strong overseas sales growth in 2Q. It maintained an Overweight rating on BYD COMPANY, with a TP of HKD126 for its H-shares. (sl/da) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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