Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01211 BYD COMPANY
RTNominal down201.600 -1.200 (-0.592%)
Research Report

03/07/2020 15:35

{I-bank focus}Citi raises BYD Company (01211) to HK$109.2

[ET Net News Agency, 3 July 2020] Citi Research raised its target price for BYD Company
(01211) to HK$109.2 from HK$92.2 and maintained its "buy" rating.
The research house said the target price hike factored in potential new NEV battery
business (selling to external customers). Citi estimated BEVs (battery electric vehicle)
equipped with BYD's bladed batteries allow automakers to earn 10ppt higher GPM than what
NCM-powered BEVs do.
For car users, owning a bladed battery-powered BEV is Rmb3-7.5k cheaper than owing an
NCM one. Citi estimated its cost and scale advantages would allow BYD to tap into the
global battery market and acquire a 4.5% market share in key regions (the US, EU, and
China) by 2021 and expand to 7% by 2025.
Citi forecast the combined three key regions' demand for NEV battery at 93Gwh in 2020,
and 520/1,046Gwh in 2025/30. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.