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<Research>JPM Lifts Avg. Profit Per Vehicle Forecast for BYD COMPANY; Preliminary Results Beat
Recommend 8 Positive 25 Negative 7 |
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BYD COMPANY (01211.HK)'s preliminary results beat expectations, and management estimated a full-year average profit of RMB10,000 per vehicle, JPMorgan released a research report indicating. The broker considered the guidance conservative. It expected that the group, despite tariff pressure, can deliver a relatively good performance compared to its domestic and global peers. In JPMorgan's anticipation, BYD COMPANY's average profit per vehicle can reach RMB10,500 this year. The broker set its target price for the company's H-shares at $600, with an Overweight rating. AAStocks Financial News |
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