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<Research>JPM Raises BYD COMPANY (01211.HK) TP to HKD120
Recommend 20 Positive 35 Negative 9 |
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JP Morgan's research report covered BYD COMPANY (01211.HK)'s 2025 results, which were 3% below the broker's expectations, owing to a miss of BYD ELECTRONIC (00285.HK), in which BYD COMPANY holds a 66% stake, while the automotive business aligned with expectations. On the fundamentals, the broker revised up its sales forecasts for BYD's domestic and export markets, lifting the target price for BYD's H-shares from HKD110 to HKD120; and for BYD (002594.SZ) A-shares from RMB95 to RMB120, with an Overweight rating kept. JP Morgan cited factors driving positive momentum for BYD, including: (1) BYD's recent ultra-fast charging strategy launched in the domestic market; (2) global factories gradually starting production from 2Q26, such as in Hungary, Indonesia, Malaysia, and Brazil. AASTOCKS Financial News Website: www.aastocks.com |
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