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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 19 Positive 30 Negative 14 |
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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. This article was automatically translated by AI, the Chinese 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. Auto-translated by AI AASTOCKS Financial News |
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