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<Research>G Sachs Cuts BYD COMPANY's TP to HKD416; '618' Promotion May Have Less-Than-Expected Impact
The impact of BYD COMPANY (01211.HK)'s "618" promotion may be lower than expected, as the headline price discounts have already included existing government and autom...
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<Research>G Sachs Cuts BYD COMPANY's TP to HKD416; '618' Promotion May Have Less-Than-Expected Impact
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The impact of BYD COMPANY (01211.HK)  +2.400 (+0.590%)    Short selling $195.05M; Ratio 6.108%   's "618" promotion may be lower than expected, as the headline price discounts have already included existing government and automaker trade-in subsidies, Goldman Sachs opined in its research report.

After excluding current government and automaker subsidies, the broker found that the average selling price of 12 models was RMB114,000 (excluding VAT and dealer profit), with an average price discount of RMB10,000 (equivalent to a 9% discount).

Related NewsCLSA: Meager Orders Prompt CN Automakers to Cut Prices Again; Top Pick BYD
Goldman Sachs lowered its 2025-27 net profit forecasts for BYD COMPANY by 3-5%, as well as its target price by 3% to HKD416.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-29 12:25.)

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