Live Updates > Live Update Details
2025-09-17 10:47:09
[HSBC Research lowers BYD's target price to HK$144 and maintains a "buy" rating] HSBC Research expects BYD Co., Ltd. (01211.HK) Group to accelerate growth next year due to major technology upgrades, while a better product mix and overseas sales will offset domestic unfavorable factors. The bank lowered BYD's earnings forecast for 2025 to 27 by an average of 20%, mainly reflecting the slowdown in sales growth, and lowered the sales forecast for the period from 5.4 million, 6.5 million and 7.6 million vehicles to 4.8 million, 5.6 million and 6.1 million vehicles respectively. The bank continues to give the company a "buy" rating, and the target price is lowered from HK$151 to HK$144.
