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<Research>Citi Rates BYD COMPANY-100 Buy; 3Q NP Expected at RMB5-6.2B
Recommend 15 Positive 33 Negative 6 |
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According to a report from Citi, the broker noticed that BYD COMPANY-100's (01211.HK) absolute and relative inventory indicators decreased MoM in September. In Citi's estimate, BYD COMPANY-100 will maintain a continuous destocking strategy before launching new models in 1H26. Its aim is to reduce inventory levels to about one month (a YoY decrease of 50%) by the end of March 2026. The broker gave BYD COMPANY-100 a Buy rating, with a target price of HKD174. It also predicted the 3Q25 net profit (excluding BYD Electronics) to range between RMB5 billion and RMB6.2 billion. AAStocks Financial News |
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