bullish

BYD

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

113 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
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
  • Unlock research summaries
  • Follow top, independent analysts
  • Receive personalised alerts
  • Access Analytics, Events and more

Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.

Upgrade later to our paid plans for full-access.

or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 12-minute read)
Discussions
(Paid Plans Only)
chart-bar
Logo
CMB International
External broker reports(aggregated public sources)
CMB International
China & Hong KongEquity Bottom-Up
Price Chart(Sign Up to Access)
analytics-chart
  • Loading...
x