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<Research>Daiwa Trims BYD COMPANY's TP to HKD130 With Rating Kept Buy
Recommend 11 Positive 20 Negative 6 |
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BYD COMPANY (01211.HK) saw its 4Q25 net profit decline by 38% YoY to RMB9.3 billion, while the net profit per vehicle fell by 30% YoY to RMB6,918, Daiwa wrote in its research report. The management indicated that the competitive landscape is unlikely to improve in the short term, and industry consolidation is slow. BYD COMPANY will need to continue product innovation. It has recently announced the second-generation blade battery and is planning to launch a new generation of advanced driver assistance systems. Daiwa has reduced its target price for BYD COMPANY from HKD132 to HKD130 but kept the Buy rating unchanged. AAStocks Financial News |
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