Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>JPM: BYD 1Q Results Show Positive Structural Development amid Challenging CN Mkt
Recommend 11 Positive 11 Negative 3 |
||||
|
||||
|
BYD COMPANY (01211.HK)'s 1Q24 results show positive structural development, amid a challenging Chinese market, JPMorgan issued a research report saying. Its 1Q24 results were in line with JPMorgan's forecasts, and likely to exceed investors' cautious expectations. JPMorgan remained positive on BYD COMPANY's H-/ A-shares, and selected the stock as its top pick in the auto sector, given the Chinese government's recent stimulus policies. JPMorgan believed that BYD COMPANY will be able to maintain its profitability throughout 2024 through a better product mix, expansion in overseas markets and a leading position in plug-in hybrid EV sector, etc.. Summarizing the above factors, JPMorgan rated BYD COMPANY at Overweight, with a target price of $255 on its H-shares. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
