BYD: Part of Production Lines Suspended To Work Again – Stock Analysis (Shareholder)

BYD: Part of Production Lines Suspended To Work Again – Stock Analysis (Shareholder)


Kulmbach (www.aktiencheck.de) – BYD stock analysis by “Der Aktionär”:

Julian Weber from investor magazine “Der Aktionär” takes stock of BYD Co. electric car and battery company Ltd. in the current stock analysis. (ISIN: CNE100000296, WKN: A0M4W9, tick mark: BY6, Hong Kong mark: 1211.HK, NASDAQ OTC token: BYDDF) under magnifying glass.

When environmental and health issues became known, local media said production at the factory had been suspended for investigation. If production were to be suspended for the entire duration of the investigation, it would be a major obstacle for BYD. After all, it contributed 21 percent of the cars manufactured in the first quarter.

However, the media will now quote a worker at the factory saying that only part of the production methods have been suspended for renovation, but the remaining production continues as normal. Goldman Sachs also confirmed in a study that BYD has not stopped production and thinks production will continue.

However, since the car manufacturer must meet legal requirements, the investment bank has reduced its estimated sales figures for this year from 1.6 million to 1.5 million vehicles. Despite this, BYD would still achieve its goal. Goldman reduced its revenue estimate by 12 percent to 2.58 yuan (0.37 cents) per share. However, the price target was left at $ 303 Hong Kong (37.10 euros) and the purchase proposal was also confirmed.

As a result of the allegations, BYD shares initially had to accept price losses, but have now been able to recover. Basically, things are still going well for the car manufacturer and from a technical point of view it is important to consider the 200-day line, which is essential for long-term trends. This currently applies to 254.20 Hong Kong dollars or equivalent to 31.12 euros. If taken, the stock signals a new buy signal, according to Julian Weber from “Der Aktionär”. (Analysis from 05/12/2022)

Please also note information on disclosure obligations in the event of a conflict of interest within the meaning of the Directive 2014/57 / EU and the relevant EU regulations for the aforementioned analysis company. below the following link.

Notice of Conflict of Interest:

The author has direct positions on the following financial instruments mentioned in the publication or related entities that may benefit from the price increase resulting from the publication: BYD

BYD shares shares:

The highest share price of Tradegate, BYD.
EUR 27.665 + 2.61% (05/12/2022, 16:36)

Hong Kong BYD stock price:
HK $ 225.80 -3.17% (05/12/2022)

ISIN BYD participation:
CNE100000296

Shares of WKN BYD:
A0M4W9

BYD tick participation participation:
FOR 6

BYD Hong Kong Stock Exchange:
1211.HK

BYD Mark NASDAQ OTC Mark:
BYDDF

BYD Co.Ltd Profile:

BYD Co. Ltd (ISIN: CNE100000296, WKN: A0M4W9, Trademark: BY6, Hong Kong Color: 1211.HK, NASDAQ OTC: BYDDF) was established in February 1995. The main business of the Chinese high technology company is located in of IT, automotive and renewable energy. BYD is one of the largest manufacturers of rechargeable batteries and cell phone pockets and has one of the world’s largest market share of nickel batteries, Li-ion batteries and mobile phone chargers. In the field of electric vehicles, BYD promotes and provides critical technologies. The company had earlier approved green products such as electric bicycles, energy storage solutions and solar power stations. (05/12/2022 / ac / a / a)

Disclosure of potential conflicts of interest:

You can view potential conflicts of interest on the creator’s website / source of analysis.



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