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BYD COMPANY Opens 3.14% Higher; Citi: May Wholesale Vol. Beats; 30-Day Positive Catalyst Watch Opened
Recommend 26 Positive 52 Negative 18 |
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BYD COMPANY (01211.HK) opened 3.14% higher today at HKD93.6, with turnover of 1.1278 million shares, involving HKD106 million. Citi said in a research report that BYD COMPANY's May wholesale volume reached 383,000 vehicles, up 19.4% MoM and 0.3% YoY, beating market expectations. This was mainly supported by strong export sales of 161,000 vehicles (up 19% MoM and 80% YoY). The broker forecast robust earnings performance in 2Q26, an improved revenue mix, and stronger weekly orders ahead, and therefore opened a 30-day positive catalyst watch. Assuming BYD COMPANY's June wholesale volume remains flat MoM, and retail sales in May and June grow 3% and 8% MoM respectively, 2Q26 net profit (excluding FX effects and BYD ELECTRONIC (00285.HK)) was expected to reach RMB10.3-12.4 billion, above consensus of RMB8-9 billion, Citi forecast. In addition, if export volume growth is compounded with domestic mix improvement, this will radically enhance earnings visibility for BYD COMPANY's electric vehicle business in 2Q26 and 2H26. Auto-translated by AI This article was automatically translated by AI, the original language 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. More Details
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