BYD Likely to Deliver More Than 400,000 Units in September -- Market Talk

Dow Jones09-02

0727 GMT - BYD is likely to sell more than 400,000 units in September after the Chinese auto giant's August deliveries beat market consensus, Citi analysts write in a note. The strong sales momentum in the past two months is mainly due to overwhelming demand for its models with upgraded hybrid technology and production ramp-up, they say. Citi expects BYD to have a consistent 5% on-month growth in October, November, and December. The higher sales will likely be supported by stable export growth and more high-end and super-sized models from 2H, which will help BYD raise its average selling price sequentially, Citi says. The brokerage maintains its buy rating for the stock, which is at HK$233.80. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

September 02, 2024 03:27 ET (07:27 GMT)

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The higher sales will likely be supported by stable export growth and more high-end and super-sized models from 2H, which will help BYD raise its average selling price sequentially, Citi says. The brokerage maintains its buy rating for the stock, which is at HK$233.80. 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The strong sales momentum ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BYDDY","symbol_name":"比亚迪ADR","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2464001026","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2464001026","pubTimestamp":1725262020,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0727 GMT - BYD is likely to sell more than 400,000 units in September after the Chinese auto giant's August deliveries beat market consensus, Citi analysts write in a note. The strong sales momentum in the past two months is mainly due to overwhelming demand for its models with upgraded hybrid technology and production ramp-up, they say. Citi expects BYD to have a consistent 5% on-month growth in October, November, and December. The higher sales will likely be supported by stable export growth and more high-end and super-sized models from 2H, which will help BYD raise its average selling price sequentially, Citi says. The brokerage maintains its buy rating for the stock, which is at HK$233.80. 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The strong sales momentum in the past two months is mainly due to overwhelming demand for its models with upgraded hybrid technology and production ramp-up, they say. Citi expects BYD to have a consistent 5% on-month growth in October, November, and December. The higher sales will likely be supported by stable export growth and more high-end and super-sized models from 2H, which will help BYD raise its average selling price sequentially, Citi says. The brokerage maintains its buy rating for the stock, which is at HK$233.80. 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