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BYD COMPANY Mounts 3% Post-Results as Nomura Optimistic About 2H Results Rebound
Recommend 12 Positive 23 Negative 13 |
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BYD COMPANY (01211.HK) reported a 55.4% decline in 1Q26 profit to RMB4.085 billion. Its share price ascended with the market this morning (29th), and opened 0.68% higher before its gains expanded. The stock peaked at $108.6, and last mounted 3.09% to $106.9, with 15.6873 million shares traded, involving $1.671 billion. BYD COMPANY's 1Q26 operating revenue was RMB150.225 billion, down 11.8% YoY. Net profit attributable to shareholders amounted to RMB4.085 billion, representing a 55.4% decline. Brokers generally believed that BYD COMPANY's overseas business delivered outstanding performance in 1Q26, while the drop in net profit was mainly dented by foreign exchange losses. Nomura said that BYD COMPANY's 1Q26 profit was dragged down by foreign exchange losses, and expected the Company's overseas shipments to continue rapid growth, which may serve as a catalyst for long-term sustainable growth. The broker forecasted a rebound in 2H26 results, and kept rating at Buy, with a target price of $127. 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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