BUZZ-Hong Kong shares of China's BYD climb to 5-month peak after quarterly results

Reuters04-30

** Hong Kong shares of Chinese electric vehicle $(EV)$ maker BYD Co Ltd climb 2.1% to HK$221, their highest since Nov. 28, and on course for a fifth consecutive session of gain

** BYD posted its weakest quarterly profit growth since 2022 on Monday, while its revenue growth slowed to the lowest level in nearly four years, hit by slowing EV demand and a bruising price war in the world's largest auto market

** Nomura keeps "buy" rating, saying the firm is paying the price for strengthening leadership

** Jefferies maintains "buy", saying: "We believe 1Q NP/car would be the trough and expect it to improve sequentially in 2Q-4Q given more sales volume and better product mix from high-end brands and export sales"

** BYD's Shenzhen stock slips 0.5%

** The Hang Seng Tech Index climbs 0.5%, the Hang Seng Composite Index adds 0.7% and the Hang Seng Index

gains 0.9%

** Hong Kong stock up 1.9% YTD, Shenzhen shares up 11.1%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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