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BYD COMPANY Sags 2.8%; Citi Estimates Jun Sales Must Reach 383K Units to Achieve Positive YoY Growth
Recommend 17 Positive 17 Negative 9 |
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BYD COMPANY (01211.HK) opened 0.25% lower today and hit a trough of HKD96.25. It last reported at HKD97.05, down 2.8%, with 13.6917 million shares traded, involving HKD1.333 billion. Citi said in a research report that BYD COMPANY's China dealer inventory remained stable at about 399,000 units at end-April, with inventory months at 2.2 months, slightly higher than 2.1 months in March. Based on the latest insurance registration retail data, BYD COMPANY's domestic sales in April were 181,500 units, down 1.6% MoM, underperforming the NEV industry's 2.6% MoM growth. The broker projected sales in June must reach 383,000 units to achieve positive YoY growth. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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