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<Research>CLSA: BYD COMPANY Tech Leading Strategy Helps Regain Mkt Shr; Costs Likely to Rise Only Moderately
Recommend 13 Positive 26 Negative 8 |
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CLSA said in its report that it had noted BYD COMPANY (01211.HK)'s return to its comfort zone of economies of scale. The broker believes the "disruptive" fast-charging technology and the launch of the second-generation blade battery will widen the carmaker's technological gap with industry peers. Given its leading capability in commercializing R&D, the cost increase is also expected to be limited. As industry cost inflation and weak demand indicate car companies are approaching the edge of survival, BYD COMPANY's alternative price war (tech leading function war) strategy will help the carmaker regain the market share lost last year and pave the way for CLSA's optimistic view on its exports. CLSA has reiterated a High-Conviction Outperform rating on BYD COMPANY and kept the target price at HKD130. AAStocks Financial News |
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