Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>HSBC Research Still Upbeat on BYD COMPANY & GWMOTOR Resilience Against Immense Cost Pressure from Raw Material Price Surges
Recommend 14 Positive 30 Negative 9 |
||||
|
||||
|
Given the recent surge in upstream raw material prices like metals and memory, HSBC Global Research has published a report predicting that Chinese automakers will face significant cost pressure in the short term. Due to the higher density of raw material usage in electric vehicles, manufacturers will face even greater resistance, with lithium prices soaring by around 127% over the past three months. It is estimated that the rise in metal material prices could increase the cost of each vehicle by RMB3,000-5,000, while the increase in memory prices may add an additional RMB1,000-3,000, directly impacting the cost structure of electric vehicles. In terms of stock selection, HSBC Global Research expects BYD COMPANY (01211.HK) and GWMOTOR (02333.HK) to be relatively resilient in the face of rising costs. It also anticipates FUYAO GLASS (03606.HK) to be less affected by increased material prices. The target prices for BYD COMPANY/ GWMOTOR/ FUYAO GLASS have been set at HKD139/ HKD21.6/ HKD91.2. These three stocks have been rated as Buy. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
