DBS Sticks to Their Buy Rating for BYD Co (BYDDF)
In a report released today, Raphael Tse from DBS maintained a Buy rating on BYD Co, with a price target of HK$150.00.
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According to TipRanks, Tse is an analyst with an average return of -15.5% and a 23.81% success rate. Tse covers the Consumer Cyclical sector, focusing on stocks such as BYD Co, Geely Automobile Holdings, and Nio.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for BYD Co with a HK$124.01 average price target.
Based on BYD Co’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of HK$150.23 billion and a net profit of HK$4.08 billion. In comparison, last year the company earned a revenue of HK$170.36 billion and had a net profit of HK$9.15 billion
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