0346 GMT - BYD is likely to maintain strong sales in China, with encouraging results from its overseas business, Nomura analysts write. The company's 2024 business strategy, including price cuts and release of a new plug-in hybrid platform, has boosted its market share in China. Nomura expects BYD to ship 4 million electric vehicles this year, reaffirming its leadership in the China market. Export growth and overseas expansion may support mid- and long-term growth, they add. Nomura maintains a buy rating and raises its target price for BYD's Hong Kong-listed shares to HK$375 from HK$305. Shares last traded at HK$286.00. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
October 21, 2024 23:46 ET (03:46 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。