<Research>Jefferies Identifies Favorable Factors for BYD COMPANY (01211.HK), Increases Price Target to $105
Jefferies' Analysis: Jefferies believes that most negative factors affecting BYD COMPANY's share price have already been priced in, leading to an upgrade of its A-/H-shares to Hold.
Target Price Adjustments: The broker raised the target price for BYD's A-shares from RMB92 to RMB88 and for H-shares to $105, based on a projected 2026 PE ratio of 20x.
Upcoming Catalysts: Positive catalysts are anticipated, including a Tech Day event and the launch of new models and technologies, which could help BYD regain market share in China.
Sales Forecast: BYD is expected to achieve overseas sales of 1.5 million units this year, a 43% increase year-over-year, which may counterbalance weak domestic performance due to reduced subsidies and competition.
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HSI Rises 138 Points in Half-Day Trading as CMOC/LAOPU GOLD Jumps 6% After Blue Chip Inclusion; Overall HSI Increases 32% in Year of the Snake
Hong Kong Stock Performance: On February 16, Hong Kong stocks saw a positive half-day session, with the HSI closing up 138 points (0.5%) at 26,705, marking a strong overall performance in the Year of the Snake with a 32% gain.
HSI Quarterly Review Changes: The quarterly review of the HSI included the addition of CATL, CMOC, and LAOPU GOLD, which saw significant gains, while ZHONGSHENG HLDG was removed from the index.
Individual Stock Movements: Notable stock movements included SANDS CHINA LTD rising 2.7% despite a slight decline in property EBITDA, while ANTA SPORTS experienced a minor drop after shareholder approval for a significant acquisition.
US Department of War Update: The US Department of War's withdrawal of the "List of Chinese Military Companies" impacted stock prices, with BABA-W declining 0.5% and BIDU-SW increasing by 1.3%.
HSI Declines by 65 Points at Opening; CATL and CMOC Start Strong Among Blue Chips; Alibaba and Baidu Struggle
US Inflation and Stock Market Update: US inflation was below expectations while core inflation met them; the DJIA rose by 0.1% last Friday.
Hong Kong Stock Market Performance: The Hong Kong bourse opened lower, with the HSI down 0.2% and other indices also showing declines.
HSI Quarterly Review Changes: CATL, CMOC, and LAOPU GOLD were added to the HSI, while ZHONGSHENG HLDG was removed; CATL and CMOC saw slight increases in their stock prices.
Notable Stock Movements: Stocks like BABA-W and BIDU-SW dropped significantly after being listed as Chinese military companies, while ANTA SPORTS received approval for a stake acquisition in PUMA.
US Department of War Updates 'CN Military Companies List' to Add BABA-W, BIDU-SW, and BYD COMPANY
US Department of War Updates List: The US Department of War added several Chinese companies, including Unitree and ROBOSENSE, to its "List of Chinese Military Companies," while removing others like YMTC and CXMT.
Alibaba's Response: Alibaba stated it is not involved in military activities and plans to take legal action against any misrepresentation of its image following its inclusion on the list.
Short Selling Data: The article provides short selling data for various companies, indicating significant short selling ratios for Alibaba, Baidu, BYD, and NIO.
Market Reactions: The updates to the list and the associated short selling activities reflect ongoing tensions and market reactions to US-China relations.
Chinese Automakers Compete for Nissan-Mercedes Plant in Mexico; BYD and Geely Said to be Finalists
Acquisition Interest: BYD COMPANY and GEELY AUTO are among the final candidates to acquire a Nissan-Mercedes joint venture plant in Mexico, which is facing shutdowns and layoffs due to US tariff policies.
Chinese Carmakers' Strategy: The plant has attracted interest from Chinese carmakers looking to establish a production base in Mexico, with other companies like CHERY AUTO and GWMOTOR also expressing interest.
Short Selling Data: BYD COMPANY has a short selling amount of $290.69M with a ratio of 19.810%, while GEELY AUTO has $40.87M in short selling with a ratio of 9.108%.
Market Analysis: Jefferies has raised the target price for BYD COMPANY to $105, indicating positive market catalysts for the company.
HSI Declines by 392 Points; KNOWLEDGE ATLAS Surges 5% Amid Ongoing AI Stock Rally
Market Overview: The HSI opened 1.5% lower at 26,640, with significant declines in tech stocks such as TENCENT and KUAISHOU, which dropped 1.7% and 1.9% respectively.
Short Selling Activity: Notable short selling was observed in several tech stocks, including BIDU and BILIBILI, with ratios exceeding 20%, indicating bearish sentiment among investors.
PPI Data: China's Producer Price Index (PPI) YoY for January showed a decline of 1.4%, slightly better than the previous value of -1.9% and above the forecast of -1.5%.
AI Stock Rally: The AI sector saw gains with MINIMAX-WP rising 11.9% after launching a new programming model, while KNOWLEDGE ATLAS also experienced a significant increase of 16.9%.
BYD Exceeds Ford in Global Car Sales for the First Time, Selling 4.6 Million Vehicles Last Year: Report
BYD's Sales Achievement: BYD COMPANY surpassed Ford Motor in global sales for the first time in 2025, selling 4.6 million units compared to Ford's 4.4 million units.
Market Position: This milestone positions BYD among the top five global automakers by sales volume, according to reports from Chinese media.
HSI Rises 138 Points in Half-Day Trading as CMOC/LAOPU GOLD Jumps 6% After Blue Chip Inclusion; Overall HSI Increases 32% in Year of the Snake
Hong Kong Stock Performance: On February 16, Hong Kong stocks saw a positive half-day session, with the HSI closing up 138 points (0.5%) at 26,705, marking a strong overall performance in the Year of the Snake with a 32% gain.
HSI Quarterly Review Changes: The quarterly review of the HSI included the addition of CATL, CMOC, and LAOPU GOLD, which saw significant gains, while ZHONGSHENG HLDG was removed from the index.
Individual Stock Movements: Notable stock movements included SANDS CHINA LTD rising 2.7% despite a slight decline in property EBITDA, while ANTA SPORTS experienced a minor drop after shareholder approval for a significant acquisition.
US Department of War Update: The US Department of War's withdrawal of the "List of Chinese Military Companies" impacted stock prices, with BABA-W declining 0.5% and BIDU-SW increasing by 1.3%.
HSI Declines by 65 Points at Opening; CATL and CMOC Start Strong Among Blue Chips; Alibaba and Baidu Struggle
US Inflation and Stock Market Update: US inflation was below expectations while core inflation met them; the DJIA rose by 0.1% last Friday.
Hong Kong Stock Market Performance: The Hong Kong bourse opened lower, with the HSI down 0.2% and other indices also showing declines.
HSI Quarterly Review Changes: CATL, CMOC, and LAOPU GOLD were added to the HSI, while ZHONGSHENG HLDG was removed; CATL and CMOC saw slight increases in their stock prices.
Notable Stock Movements: Stocks like BABA-W and BIDU-SW dropped significantly after being listed as Chinese military companies, while ANTA SPORTS received approval for a stake acquisition in PUMA.
US Department of War Updates 'CN Military Companies List' to Add BABA-W, BIDU-SW, and BYD COMPANY
US Department of War Updates List: The US Department of War added several Chinese companies, including Unitree and ROBOSENSE, to its "List of Chinese Military Companies," while removing others like YMTC and CXMT.
Alibaba's Response: Alibaba stated it is not involved in military activities and plans to take legal action against any misrepresentation of its image following its inclusion on the list.
Short Selling Data: The article provides short selling data for various companies, indicating significant short selling ratios for Alibaba, Baidu, BYD, and NIO.
Market Reactions: The updates to the list and the associated short selling activities reflect ongoing tensions and market reactions to US-China relations.
Chinese Automakers Compete for Nissan-Mercedes Plant in Mexico; BYD and Geely Said to be Finalists
Acquisition Interest: BYD COMPANY and GEELY AUTO are among the final candidates to acquire a Nissan-Mercedes joint venture plant in Mexico, which is facing shutdowns and layoffs due to US tariff policies.
Chinese Carmakers' Strategy: The plant has attracted interest from Chinese carmakers looking to establish a production base in Mexico, with other companies like CHERY AUTO and GWMOTOR also expressing interest.
Short Selling Data: BYD COMPANY has a short selling amount of $290.69M with a ratio of 19.810%, while GEELY AUTO has $40.87M in short selling with a ratio of 9.108%.
Market Analysis: Jefferies has raised the target price for BYD COMPANY to $105, indicating positive market catalysts for the company.
HSI Declines by 392 Points; KNOWLEDGE ATLAS Surges 5% Amid Ongoing AI Stock Rally
Market Overview: The HSI opened 1.5% lower at 26,640, with significant declines in tech stocks such as TENCENT and KUAISHOU, which dropped 1.7% and 1.9% respectively.
Short Selling Activity: Notable short selling was observed in several tech stocks, including BIDU and BILIBILI, with ratios exceeding 20%, indicating bearish sentiment among investors.
PPI Data: China's Producer Price Index (PPI) YoY for January showed a decline of 1.4%, slightly better than the previous value of -1.9% and above the forecast of -1.5%.
AI Stock Rally: The AI sector saw gains with MINIMAX-WP rising 11.9% after launching a new programming model, while KNOWLEDGE ATLAS also experienced a significant increase of 16.9%.
BYD Exceeds Ford in Global Car Sales for the First Time, Selling 4.6 Million Vehicles Last Year: Report
BYD's Sales Achievement: BYD COMPANY surpassed Ford Motor in global sales for the first time in 2025, selling 4.6 million units compared to Ford's 4.4 million units.
Market Position: This milestone positions BYD among the top five global automakers by sales volume, according to reports from Chinese media.
