BYD Poised for Stronger Earnings Growth in 2025 -- Market Talk

Dow Jones11-22 17:32

0932 GMT - BYD is likely to post stronger earnings next year, driven by a higher volume outlook and improved gross margins, HSBC Global Research analysts write in a note. They expect the company's 4Q and 2025 sales volumes to grow further, supported by its strong new car cycle, which will also boost margins. The ramp-up in new model volumes may support the Chinese automaker's topline as well, they add. HSBC Global Research raises its earnings estimates for 2024 and 2025 by 14% and 18%, respectively. It maintains a buy rating for BYD's A-shares and H-shares, citing confidence in the company's ongoing volume expansion in both China and overseas markets. HSBC also raises its target price for BYD's A-shares to CNY328.00 from CNY301.00 and for its H-shares to HK$353.00 from HK$322.00. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

November 22, 2024 04:32 ET (09:32 GMT)

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They expect the company's 4Q ...</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":"002594","symbol_name":"比亚迪","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2485312402","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485312402","pubTimestamp":1732267920,"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":"0932 GMT - BYD is likely to post stronger earnings next year, driven by a higher volume outlook and improved gross margins, HSBC Global Research analysts write in a note. 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