BYD Reports 240,220 Vehicle Sales in May, Up 96% Y/Y – Analysts Issue 35 Buys, 2 Holds, 0 Sells

• On 1st June 2023, BYD reported a total of 240,220 units sold, compared to 114,943 units sold the same time last year.
• The vehicles sold totalled 240,220 units, compared to 114,943 units the same time last year.
• Year to date, 1 million vehicles have been sold, a 96% increase from the same time last year.
• 35 analysts have given a “buy” rating, 2 have given a “hold” rating, and 0 have given a “sell” rating.

BYD on Smartkarma

Leading independent analysts on Smartkarma have recently published research on BYD, a Chinese electric-car giant that has seen a surge in active funds investing in its stock. Steven Holden‘s research report titled “BYD Company: Moves to Top Auto Holding in EM” highlighted that investment levels in BYD Company Limited H Shares have reached record highs among active Emerging Market funds. Caixin Global‘s report titled “BYD Takes Over Insolvent Online Insurer as Foundation for Auto Insurance Unit” reported that the Chinese electric-car giant has acquired an online insurance unit of the scandal-plagued Tomorrow Holding Co. Ltd. with plans to turn it into an auto insurance provider.

The research reports, authored by Steven Holden and Caixin Global, have a bullish sentiment on BYD‘s stock, signaling that the company is a good investment opportunity for investors. With the surge in active funds investing in BYD, the company has risen up the ranks to become the most widely held and largest weight in the autos sector, surpassing Kia Corp and Mahindra & Mahindra over the last 2-years.

A look at BYD Smart Scores

BYD Company Limited is a manufacturer and seller of automobiles with subsidiaries that also research, develop, manufacture and sell batteries for mobile phones, cordless phones, power tools and other kinds of portable electronic devices. According to the Smartkarma Smart Scores, which is a 1-5 score for BYD indicating its overall outlook, the company has a strong long-term outlook. BYD scored a 5 for Growth and Momentum, a 4 for Resilience, a 2 for Value, and a 1 for Dividend.

BYD‘s strong scores indicate a positive long-term outlook for the company. The company’s 5 score for Growth and Momentum suggests that BYD will continue to expand in the future, while its 4 score for Resilience implies that it is well-positioned to weather any potential economic downturns. Moreover, its 2 score for Value suggests that the company is fairly valued and its 1 score for Dividend indicates that it may not offer a significant dividend in the future.

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