BYD 1211

Re: BYD 1211

Postby lithium » Wed Feb 17, 2010 3:57 pm

I see resistant at $62. If high volume break $62, I will buy :roll:
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Re: BYD 1211

Postby winston » Wed Feb 17, 2010 4:08 pm

I forgot to also mentioned two things:-

1) US Market Direction was stronger than expected. Better to see what's going on before one short.

2) Volume in HK was very low and it's very easy to manipulate the market when volume is so low.

3) Before you buy, you may want to check out it's current PE and it's forward PE :roll:
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Re: BYD 1211

Postby lithium » Wed Feb 17, 2010 5:37 pm

Noted. Thanks. ;)
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Re: BYD 1211

Postby winston » Fri Feb 26, 2010 8:17 am

Will not be shorting this stock yet until I know what's the subsidy that they would be getting. There's a rumor going around that they have asked for RMB100,000 per car.

Also, I want to see how many cars the government would be buying from them. Over the next few years, there would not be a lot of retail buyers. Only government and fleet purchases.
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Re: BYD 1211

Postby winston » Tue Mar 02, 2010 2:49 pm

DJ MARKET TALK: BYD +3.7%; Daimler Pact To Make Electric Vehicle

1122 [Dow Jones] BYD Company (1211.HK) +3.7% at HK$65.45 on elevated volume, boosted by news Daimler AG (DAI), BYD agree to develop electric vehicle to be marketed under new brand in Chinese market, which last year became world's biggest for cars.

While BYD had been developing electric vehicle, cooperation with Daimler likely taken as another significant vote of confidence, after company gained measure of credibility when Warren Buffett's Berkshire Hathaway (BRKA, BRKB) unit bought stake in auto maker in 2008.

Still, valuation likely to cap big share-price upside, with BYD valued at 39.7X FY09, 28.6X FY10 earnings based on Thomson Reuters.

Source: Dow jones Newswire
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Re: BYD 1211

Postby winston » Mon Mar 15, 2010 6:09 am

Buffett-Backed BYD’s Profit Almost Quadruples as Car Sales Rise

March 14 (Bloomberg) -- BYD Co., the Chinese carmaker backed by Warren Buffett, almost quadrupled earnings last year as consumers took advantage of government incentives to buy its F3 compact cars.

Net income rose to 3.79 billion yuan ($555 million) from 1.02 billion yuan a year earlier, the Shenzhen-based company said today in a statement to the Hong Kong stock exchange. Sales increased 47 percent to 39.5 billion yuan.

The F3 was last year’s best-selling model in China, the world’s biggest automobile market, helping make BYD the nation’s fastest-growing carmaker with sales surging 162 percent to 448,397 vehicles. China’s industrywide auto demand jumped 46 percent to a record in 2009.

“BYD and other automakers will have slower sales and profit growth this year given that demand is rising at a slower pace,” said Yin Guohui, an analyst at BOCOM International Holdings Co. in Beijing.

BYD, a battery maker that entered the automobile market in 2003, teamed up with German luxury-car manufacturer Daimler AG this month to develop and sell electric vehicles in China. It is also expanding into Europe and the U.S. to take advantage of higher demand for alternative-energy cars in developed markets.

Volkswagen Agreement

The Chinese carmaker signed a separate electric-vehicle agreement in May with Volkswagen AG, Europe’s largest automaker. The two companies plan to cooperate in areas including hybrids and lithium battery-powered electric vehicles.

“The company’s strength in battery making will benefit it in the long run, even though sales of electric vehicles are unlikely to become anything major in the near future,” BOCOM’s Guohui said.

BYD aims to become the first Chinese company to sell electric cars in western Europe next year with its E6 model and other hybrids. It may eventually design and build cars in Europe, spokesman Paul Lin said March 8.

BYD may start U.S. sales this year, Chairman Wang Chuanfu said in January. The first E6 hatchbacks will arrive in the U.S. late in the year, according to Henry Li, general manager of BYD’s auto export division.

http://www.businessweek.com/news/2010-0 ... -rise.html
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Re: BYD 1211

Postby winston » Tue Mar 16, 2010 7:54 am

BYD gears for electric start by Beth Ye, The Standard HK

BYD Company (1211) is raising capital expenditure this year to at least 10 billion yuan (HK$11.36 billion) and aims to sell 800,000 automobiles, said chairman and president Wang Chuanfu.

It also plans to set up a US sales headquarters for its new model - the electric E6 - by the second half.

The mainland giant's net profit last year almost tripled to 3.8 billion yuan.

Its car business surged 143 percent to 20.99 billion yuan, accounting for 53 percent of total turnover, Wang said.

The 10 billion yuan capex - up 58 percent from a year ago - will mostly be used to build plants in Changsha and Xian, as well as expanding production capacity at its Shenzhen plant.

Its sales target this year is 77 percent higher than last year's sales of 450,000.

Wang said more E6 electric cars will be sold after BYD opens its US sales headquarters. Celebrities, environmentalists and government departments will be targeted as buyers.

"We will not rule out setting up a production plant in the United States," said Wang, adding that BYD may enter the European market by 2011.

BYD shares rose up to 2.83 percent yesterday before closing 0.2 percent higher at HK$69.05.

BYD Electronic (0285) slumped 4.77 percent to HK$6.59 after its net profit fell.


http://www.thestandard.com.hk/news_deta ... 00316&fc=2
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Re: BYD 1211

Postby winston » Tue Mar 16, 2010 12:34 pm

Not vested. From UOBKH:-


Earnings Risk

The company’s facilities in Shenzhen are running at full capacity. Given that the new plants in Changsha and Xi'an will only operate in 2011, the company would need to substantially expand production at its Shenzhen plant. If there is any quality problems resulting from the rapid expansion, sales would be affected in the near to medium term.

Valuation/Recommendation

BYD is trading at an expensive 27.5x 2010F PE and 1.5x 2010F PEG. Maintain SELL with a fair price of HK$45.00 based on 1.1x 2010F PEG and 18x 2010F PE.
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Re: BYD 1211

Postby kuala888888 » Fri Apr 16, 2010 6:48 am

sold half at 76 and another 80

wait for a better price to buy again at 58~63 range,

:D
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Re: BYD 1211

Postby winston » Mon Aug 16, 2010 12:47 pm

Not vested

DJ MARKET TALK: Nomura Cuts BYD Co Target To HK$62.00; Keeps Buy

1015 [Dow Jones] STOCK CALL: Nomura cuts BYD Co. (1211.HK) target to HK$62.00 vs HK$94.00, after cutting FY10, FY11 earnings forecast by 22%, 25%, to CNY4.17 billion, CNY4.82 billion, respectively.

House expects 3Q auto shipping to fall 15% on-quarter, lowers FY10 auto shipping estimates to 580,000 units vs company's revised guidance of 600,000 units.

Says, news of fall in shipments appears priced in, with shipments in July marking worst point. Keeps Buy call. Stock last down 1.4% to HK$48.65, vs HSI down 0.2%.


Source: Dow Jones Newswire
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