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<Research>BofAS Raises BYD COMPANY (01211.HK) TP to $480, Rating Buy
Recommend 4 Positive 14 Negative 3 |
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BofA Securities released a report on BYD COMPANY (01211.HK), which posted a 53% YoY revenue growth in 4Q24 to RMB275 billion, slightly below the broker's expectations. Net profit per car added 9% YoY to RMB10,000, whereas the broker expected this per-car net profit to remain at a similar level this year. Given BYD’s 4Q24 results performance, BofA Securities raised its sales forecasts for 2025 and 2026 by 6% and 9%, respectively, and lifted its EPS forecasts for the same periods by 9% and 10%. Consequently, the broker raised the target price for BYD’s H-shares from HKD405 to HKD480, maintaining a Buy rating. AAStocks Financial News |
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