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<Research>BofAS Trims BYD COMPANY (01211.HK) TP to HKD122; Targeted Exports No Less Than 1.5M Units This Yr
Recommend 7 Positive 12 Negative 5 |
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BofA Securities released a report on BYD COMPANY (01211.HK), of which management reiterated its 2026 export target of no less than 1.5 million units, an increment from 1.05 million units in 2025, underpinned by capacity expansion and the promotion of leading technology. After accounting for 4Q25 results, the broker raised its 2026/2027 revenue forecasts by 7% each. However, it lowered its 2026/2027 earnings forecasts by 3% and 4%, respectively. The target price for BYD was reduced from HKD122 to HKD120. The Buy rating was maintained. It was forecast that BYD will enhance vehicle specifications and performance in 2026 by improving autonomous driving systems, second-generation blade batteries, and new chassis and suspension technologies to support demand. AASTOCKS Financial News URL: www.aastocks.com |
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