BYD's Hong Kong shares set for best day in over 6 months, Citi lifts TP-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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BYD's Hong Kong shares set for best day in over 6 months, Citi lifts TP

Reuters2021-07-12

** Hong Kong shares of Chinese electric vehicle maker BYD Co Ltd surge 9.7% to HK$237.20, on course for their best day since Jan. 4

** Stock is the biggest percentage gainer in the benchmark Hang Seng Index and the second-biggest gainer in the Hang Seng China Enterprises Index

** Sales of new energy vehicles (NEVs), including battery-powered electric vehicles, plug-in petrol-electric hybrids, and hydrogen fuel-cell vehicles, maintained their strong momentum in China, jumping 139.3% to 256,000 units in June, industry data showed

** Auto sales in China fell 12.4% in June on the year, as a global shortage of semiconductors hit production in the world's biggest car market

** Citi lifts target price of BYD's Hong Kong shares to HK$327 from HK$287, on expectations of further improvement in NEV sales amid increasing adoption and acceptance of NEVs by Chinese customers

** Citi reiterates Geely and BYD as the sector's top picks, seeing both offering the best NEV model cycles from the second half of 2021 into 2022

** BYD's Shenzhen shares rise 9.7% to 272.91 yuan, highest since Feb. 3

** Shares of Geely Automobile rise 4.7% to HK$24.75

** Both the Hang Seng China Enterprises Index and the benchmark index climb 0.4%

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Comment（3）

Globalmin
·2021-07-12
Nice
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JavierHuat88
·2021-07-12
Awesome
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spaceGRN
·2021-07-12
Like and comment pls
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- AppleMango:
  Hi, Pls like n comments back
  2021-07-12
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- mich89:
  Done! Help me pls!
  2021-07-12
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and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/146600287","repostId":2150058189,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5194423,"gmtCreate":1626074991876,"gmtModify":1663230855451,"authorId":3567141277226150,"author":{"id":3567141277226150,"idStr":"3567141277226150","authorId":3567141277226150,"name":"AppleMango","avatar":"https://static.tigerbbs.com/68d3e430c230d4cfd4e97044c56f2b6d","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":146600287,"type":1,"supId":0,"prevId":0,"content":"Hi, Pls like n comments back","text":"Hi, Pls like n comments back","html":"Hi, Pls like n comments 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