BYD (1211) Earnings Surge: 1H Net Income Up 24% to 13.63B Yuan, Revenue Climbs 16%

BYD on Smartkarma

Analysts on Smartkarma, like Ming Lu and Eric Wen, have been providing bullish insights on BYD, a key player in the electric vehicle industry. According to Ming Lu‘s research report titled “China Consumption Weekly (5 Aug 2024),” BYD saw a 31% increase in deliveries in July, reflecting positive growth. Eric Wen‘s report, “[Blue Lotus New Energy Sector Update],” highlights the overseas expansion of Chinese renewable energy firms, indicating a strong strategic move towards global markets despite domestic job losses.

In another report by Ming Lu, “China Consumption Weekly (15 Jul 2024),” it is noted that BYD is planning to invest US$1 billion to construct a factory in Turkey, suggesting an ambitious expansion strategy. Additionally, Ming Lu‘s analysis in “China Consumption Weekly (17 Jun 2024)” mentions that Zeekr, which is affiliated with BYD, experienced a remarkable 112% year-on-year increase in deliveries from January to May, showcasing a promising growth trajectory within the BYD ecosystem.

A look at BYD Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

BYD Company Limited, a leading manufacturer of automobiles and batteries, has received encouraging ratings from Smartkarma’s Smart Scores system. With a solid Growth score of 5 and Momentum score of 5, BYD seems poised for significant long-term success in the industry. These high scores indicate strong potential for growth and a positive market sentiment towards the company’s future prospects.

Additionally, with respectable scores in Dividend (3) and Resilience (4), BYD demonstrates a well-rounded profile that investors may find appealing. Although the Value score is rated at 2, suggesting some room for improvement in this area, the company’s overall outlook remains promising. Investors may want to keep a close eye on BYD as it continues to leverage its strengths and capitalize on opportunities in the automotive and battery markets.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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