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)
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