BYD WKN: A0M4W9 ISIN: CNE100000296 Kürzel: BY6 Forum: Aktien Thema: Hauptdiskussion
Morgan Stanley, in a research report, remarked that BYD COMPANY (01211.HK) vehicle profitability continues to advance, with record sales volume. The broker viewed that this should support the company's solid 3Q results, but fail to surprise the market. The market was aware of the industry's competitive landscape that is going to deteriorate into 2H, exerting enormous sales and pricing pressure on all OEMs, including BYD. In addition, Morgan Stanley assumed that, as guided by BYD's chairman, investors are pursuing for economies of scale and greater savings in battery materials, giving BYD some resilience against the 3Q headwinds. However, it may be an uphill battle for BYD to maintain its uptrend in car sales and gross margins. Morgan Stanley gave a target price of $249 on BYD and rated it Equalweight. 2023/10/17 08:56 Vs Morgan Stanley has revised its price target for Tesla shares, setting a new goal at $400, Tuesday 12 September 2023 10:17
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