On September 1, BYD COMPANY rose 3.33% in regular trading, trading at 90.2 HKD/share, with turnover of 4.14 billion HKD, rebounding from consecutive sessions of weakness following its interim results.
On the news front, BOCOM International and Kaiyuan Securities both published research notes on the same day, maintaining buy ratings on BYD COMPANY. BOCOM International set a target price of 138.53 HKD, noting that Q2 gross margin held steady at 18.9%, with profitability improvement driven by volume recovery, operating leverage, and higher-margin overseas operations. The firm expressed a positive outlook on H2 export performance. Kaiyuan Securities also issued a buy rating, citing strong sequential earnings growth and continued overseas momentum. Over the past 90 days, 20 institutions have rated the stock, with 16 buy and 4 outperform ratings, and a consensus target price of 121.63 HKD.
Notably, BYD COMPANY's Q2 net profit rose 30% year-over-year to 8.2 billion yuan, marking the first quarterly increase in five quarters. H1 overseas revenue reached 181.3 billion yuan, accounting for 52.57% of total revenue, with auto exports surging 67.8% year-over-year to 792,000 units. However, H1 total revenue declined 7.13% to 344.8 billion yuan and net profit fell 20.54% to 12.3 billion yuan, primarily dragged by domestic auto business headwinds.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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