Morgan Stanley issued a research report stating that BYD COMPANY (01211.HK) +2.700 (+2.604%) Short selling $813.46M; Ratio 39.564% 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.Related NewsJPM Lists Latest Top Picks for CN Stocks (Table)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)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-28 16:25.)
AASTOCKS Financial News