Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>JPM Cuts BYD COMPANY's TP to HKD150; Rating Kept Overweight
Recommend 15 Positive 30 Negative 12 |
||||
|
||||
|
BYD COMPANY's (01211.HK) (002594.SZ) 2Q25 earnings were 30% below expectations as its GPM was compressed by intense price competition, according to JPMorgan's research report. With the Chinese government's implementation of anti-involution measures, industry discounts began to narrow in June. BYD COMPANY's management expects earnings to start rebounding from 3Q25. JPMorgan cut its target prices for BYD COMPANY's H-shares from HKD160 to HKD150 and for its A-shares from RMB145 to RMB140, both with an unchanged Overweight rating. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
