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<Research>Deutsche Bank Elevates BYD COMPANY (01211.HK) TP to $460 as 2024 Results in Line
Recommend 6 Positive 10 Negative 4 |
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BYD COMPANY (01211.HK)'s 2024 results were in line with expectations, with net profit rising 34% YoY to RMB40.25 billion, according to a research report released by Deutsche Bank. 4Q24 net profit also set a new high on the back of record sales volume. In 1Q25, net profit hiked 31% YoY to RMB6 billion, thanks to a combination of a 60% YoY increase in sales volume and higher discounts. Therefore, the broker raised its 2025 net profit forecast for the Company by 0.6%, and elevated its target price from $400 to $460, with rating at Buy. AAStocks Financial News |
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