Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>JPM Envisions BYD to Lead Structural Development of CN NEV Mkt Again w/ 4Q24 Results as Another ST Catalyst
Recommend 7 Positive 12 Negative 9 |
||||
|
||||
|
According to a JPMorgan research report, the broker recently participated in BYD COMPANY (01211.HK)'s roadshow activities and test-drove the new models equipped with the latest L2+ autonomous driving feature. After listening to the management's sharing on technological development and product strategy, JPMorgan is currently confident that BYD will once again lead the structural development of China's new energy vehicle (NEV) market. As JPMorgan anticipates BYD to promote the popularization of advanced L2 autonomous driving features with the release of the intelligent driving system, it holds a positive view on the company and has placed it on Positive Catalyst Watch. Apart from the development of BYD's autonomous driving business, JPMorgan believes that its 4Q24 results to be announced next month will become another short-term catalyst. In the broker's estimate, BYD will deliver results moderately exceeding market expectations, leading to an upward revision of the 2025 earnings forecast. JPMorgan kept its target price at $475 with a rating of Overweight. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
