bullish

BYD

BYD (1211 HK) - 3Q24 GPM Provides Confidence for FY25 Sales

160 Views01 Nov 2024 18:51
Broker
Maintain BUY. Although we had expected a QoQ lift in gross margin, BYD’s 3Q24 gross margin still beat our forecast. Such beat was offset by higher-thanexpected SG&A and R&D expenses.
What is covered in the Full Insight:
  • Introduction to 3Q24 Results
  • Gross Margin and Expense Analysis
  • Future Sales Projections
  • Valuation and Key Risks
  • Market and Share Performance Overview
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