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<Research>Citi Cuts BYD COMPANY (01211.HK) TP to HKD233, Maintains Buy Rating
Recommend
23
Positive
46
Negative
24
After the stock split of BYD COMPANY (01211.HK), Citi updated its forecasts on the company. The EPS forecasts for 2025/ 2026/ 2027 were adjusted to RMB6.199/ RMB9.731/ RMB12.718.

Based on a PEG of 0.8x and a CAGR of net profit of 43% from 2025 to 2027, the TP was trimmed from HKD242.33 to HKD233, with a Buy rating maintained.

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