0410 GMT - BYD will continue to see growing sales volume in the next few years, thanks to overseas expansion and market share gains, Daiwa analyst Kelvin Lau writes in a note. The brokerage raises its 2025-2026 sales volume forecast by 5% to between 5.5 million and 6.3 million units to factor in management's guidance of 5.5 million units this year. It also raises its net profit forecast by 10% over 2025 to 2026, he says. The company is likely to roll out its fast-charging capability to mass market models and further expand overseas, he adds. Daiwa maintains a buy rating on the stock and raises its target price to HK$484.00 from HK$431.00. Shares last at HK$355.60.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
April 11, 2025 00:10 ET (04:10 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。