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<Research>CMBI: BYD COMPANY's 1Q Avg. Selling Price & GPM Beat
Recommend 9 Positive 17 Negative 6 |
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According to a CMBI research report, BYD COMPANY (01211.HK)'s average selling price and GPM in 1Q26 were both better than the broker's previous forecasts, mainly driven by contributions from overseas businesses. The broker expects BYD COMPANY's GPM to remain stable in 2026, given that the overseas vehicle GPM should be 6-8 ppts higher than that in the Chinese market. Believing that BYD COMPANY will continue to be one of the biggest beneficiaries in a high oil price environment, CMBI has kept a Buy rating on the carmaker, with a target price of HKD125. Auto-translated by AI AASTOCKS Financial News |
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