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<Research>Citi Opens 90-Day Upside Catalyst Watch on BYD COMPANY (01211.HK) w/ TP $174
Recommend 26 Positive 39 Negative 8 |
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Citi Research issued a research report opening a 90-day upside catalyst watch on BYD COMPANY (01211.HK) as its FY2026 net profit mix should have a smaller correlation with domestic NEV sales of BYD COMPANY, decreasing from over 50% in the past to potentially just 13% in FY2026. Moreover, Citi Research believed that market expectations for BYD COMPANY's domestic NEV business performance in 1Q26 have bottomed out. With the arrival of the new model cycle in China in 1Q26, the risk-reward from continuous de-stocking becames significant again. Therefore, BYD COMPANY remains the broker's sector top pick, with rating at Buy and a target price of $174. AASTOCKS Financial News Website: www.aastocks.com |
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