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01211 BYD COMPANY
RTNominal up203.800 +2.600 (+1.292%)
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10/07/2020 15:11

{I-bank focus}Jefferies lifts BYD Company (01211) to HK$87.6

[ET Net News Agency, 10 July 2020] Jefferies Research lifted its target price for BYD
Company (01211) to HK$87.6 from HK$64.5 and maintained its "buy" rating.
The research house said BYD announced sales volume in June of 33.7k, down 12.9%. Sales
volume in 2Q/1H was 97.4k/158.6k units, -11.9%/-30.4%, in line with Jefferies forecast.
Jefferies believes BYD should not be impacted as the company guided for its PPE (mask)
business to offset the near-term weakness. It modeled for 2Q/1H earnings to grow
114%/11.4% to Rmb1.5bn/Rmb1.6bn. (KL)

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