[ET Net News Agency, 2 March 2021] Goldman Sachs maintained its target price for BYD
Company (01211) unchanged at HK$293 but upgraded its rating to "buy" from "neutral" on
high-quality growth.
The research house BYD has a unique business combination that pursues growth
opportunities in premium battery EVs, innovative hybrid technologies, and cost-effective
battery supply.
Goldman upgraded BYD following the recent sell-off. It projected Chinese new energy
vehicle sales to exceed 1.8mn units in 2021 (from 1.3mn in 2020), recording one of the
most significant volume expansions in history that should accelerate BYD's revenue growth
to its fastest level in the past 5 years.
Longer-term, Goldman forecasted Chinese new energy vehicle penetration will exceed 20%
by 2025, 53% by 2035. (KL)
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Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
01211 BYD COMPANY
Nominal 
212.800 +9.000 (+4.416%) Research Report
02/03/2021 17:07
{I-bank focus}Goldman upgrades BYD Company (01211) to "buy"
| Remark: | Real time quote last updated: 26/04/2024 17:28 |
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