Weekly Recap | BYD COMPANY -5.5%, most brokers rate it buy
Weekly Review·
- BYD Company declined by 5.5% this week, closing at 79.85 HKD and underperforming the Hang Seng Index by 3.11 percentage points amid weaker overall market trends.
- Key developments included announcements of aggressive overseas sales targets, the opening of a new Indonesian factory, new vehicle releases, and strong August domestic and export market share data.
- Among 28 covering institutions, 19 rated the stock as a buy with a consensus target price of 126.15 HKD, reflecting potential upside despite current downward pressure.
