Weekly Recap | BYD COMPANY -2.92%, hitting a 52-week low
Weekly Review·
- BYD Company Limited shares fell 2.92% this week to close at 71.6 HKD, reaching a 52-week low due to broader new energy sector weakness while outperforming the Hang Seng Index.
- The company advanced its global product expansion and overseas manufacturing layout, including launching new models and increasing plant capacity.
- Institutional sentiment remained generally positive with a consensus buy rating and a target price of 122.55 HKD ahead of the third-quarter earnings release.
