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Daiwa Adjusts BYD's Target Price to HK$484, Reaffirms 'Buy' Recommendation
2025-04-11 /
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Author：小编
Daiwa Securities has revised upwards its target price for BYD to HK$484 while retaining its 'Buy' rating. The firm projects sales of 5.5 to 6.3 million vehicles for BYD in the 2025-2026 period, accompanied by a 10% surge in net profit. This robust performance is attributed to an optimized product mix and a surge in overseas sales, leading to a year-over-year increase in net profit ranging from 85% to 118%. Notably, BYD's innovative flash charging technology is anticipated to be integrated into mass-market models by 2026. Furthermore, the company's overseas expansion efforts remain unscathed by Sino-US trade tensions.
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