Rakuten Trade Research Reports

Foreign Equities (HK): BYD CO LTD-H - BUY with 38.6% potential upside and positive technical indicators.

Publish date: Mon, 25 Sep 2023, 08:55 AM
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Share price is recovering from its 3-month low of HKD215 with support seen at HKD238.40. Buying momentum remains strong as RSI is moving upwards. MACD is poised for a potential crossover hence share price is expected to propel higher. Consider accumulating at this juncture to seize the opportunity.


Net profit is expected to grow at a CAGR of 35% for the next 3 years with improving net margins from 4% to 4.8%.

Source: Rakuten Research - 25 Sep 2023

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