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<Research>CLSA Drops BYD COMPANY's TP to HKD140; Core Competitive Advantage Still Solid
According to a CLSA research report, BYD COMPANY (01211.HK)'s 2Q25 results fell short of market expectations, which the broker attributed to weak market conditions and the comp...
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<Research>CLSA Drops BYD COMPANY's TP to HKD140; Core Competitive Advantage Still Solid
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According to a CLSA research report, BYD COMPANY (01211.HK)  -2.800 (-2.527%)    Short selling $1.10B; Ratio 24.302%   's 2Q25 results fell short of market expectations, which the broker attributed to weak market conditions and the company's active investment in advanced technology that hasn't yet fully reflected in sales.

That said, CLSA expects BYD COMPANY's GPM to have bottomed out and a huge rebound to occur by the end of the year. The broker also anticipates the company to deliver stronger results for 2026, given the market's increasing recognition of its supercharging and intelligent driving technologies, easing price war pressures (orders increased despite weaker discounts), and a continuously robust export business.

Related NewsCiti Expects BYD COMPANY (01211.HK) 2H25 NP per Vehicle to Rebound w/ TP $233 & Rating Buy
CLSA has lowered its target prices for BYD COMPANY's H-shares from HKD161 to HKD140 and for its A-shares (002594.SZ)  -2.810 (-2.554%)   from RMB161.33 to RMB140. Its rating has been reiterated as High-Conviction Outperform, since its core competitive advantage remains solid.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-09-03 16:25.) (A Shares quote is delayed for at least 15 mins.)

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