DBS: Raises BYD Company's Target Price to 492 HKD, rating "Buy".

DBS released a Research Report stating that BYD Company Limited (01211) recorded revenue of 7.77 billion yuan and profit of 40 billion yuan last year, reflecting the company's deep vertical integration and broad customer reach, which are major advantages for Global expansion. The bank raised BYD's expected growth in auto sales this year by 2 percentage points to 25%, equivalent to 5.3 million vehicles, and also raised the gross margin by 1.2 percentage points and 1.3 percentage points. The bank adjusted earnings forecasts for this year and next year upward by 6% and 9% respectively, increasing the Target Price for BYD Listed in Hong Kong from HK$404 to HK$492, maintaining the rating of 'Buy'.

Sina Hong Kong Stocks28minutes ago

DBS: Raises the Target Price of BYD Company (01211) to HKD 492, rating "Buy".

The company's share of BYD's auto sales has increased by 2 percentage points to 25%, equivalent to 5.3 million units, and the gross margin has been adjusted upward by 1.2 percentage points and 1.3 percentage points.

Zhitong Finance42minutes ago

In March, the heavy-duty truck market sold approximately 0.105 million vehicles, an increase of 29% compared to the previous month.

In March 2025, approximately 0.105 million heavy trucks were sold in China's market (wholesale basis, including exports and New energy Fund), a 29% increase compared to February of this year, but a decrease of about 9% compared to the same period last year, which was 0.116 million units.

Zhitong Finance18:50 ET

BYD Fang Cheng Bao Starts Pre-sales of Tai 3 SUV, Targeting Larger Family Car Market

CnEVPostMar 31 10:19 ET

Cui Dongshu: In January and February, China's imported Autos were 0.056 million units, a year-on-year decrease of 46%.

In 2024, 0.7 million Autos were imported, a decrease of 12% compared to the previous year. Currently, in January and February 2025, 0.056 million Autos were imported, a decrease of 46% year-on-year, indicating significant ongoing pressure on imported vehicles.

Zhitong FinanceMar 31 08:40 ET

BYD Faces Setback as Trump's Tariffs Shake the Auto Industry

TipRanksMar 31 05:09 ET