not vested
BYD Company (1211 HK)
2Q23: Earnings Up 145% yoy And 65% qoq, In LineBYD posted in-line 2Q23 net profit of Rmb6,824m (+142% yoy/+72% qoq), vs its guidance of Rmb6,370m-7,570m, driven by sales growth and margin recovery.
This brings 1H23 net profit to Rmb10.95b (+205% yoy), vs our 2023 estimate of Rmb23.81b
(+43% yoy).
Looking ahead, we expect earnings to continue growing qoq in 2H23, driven by new model launches.
We keep 2023-25 net profit forecasts at Rmb23.81b/ Rmb37.57b/Rmb53.36b.
Maintain BUY. Target price: HK$590.00.
Source: UOBKH
https://research.uobkayhian.com/content ... 7c489b12f8
It's all about "how much you made when you were right" & "how little you lost when you were wrong"