SHE:002594
BYD Ord Shs A
Position levels
Currenttoday
CNY 90.82
Buy <=wait / entry
CNY 78.33
Trim >=take some off
CNY 95.00
Thesis breakA second consecutive year of double-digit attributable earnings decline combined...
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Scenario-weighted conviction
| Probability | Score | Contribution | |
|---|---|---|---|
| Bull case | 25% | 100 / 100 | 25.0 |
| Base case | 50% | 62 / 100 | 31.0 |
| Bear case | 25% | 10 / 100 | 2.5 |
| Weighted conviction | 59 / 100 - OPPORTUNISTIC BUY | ||
Top risks
- Global vehicle sales rose 21.8% YoY to 419211 units in July driven by international deliveries
- BYD advanced 16.5% over the past month on robust export demand offsetting domestic softness
- Last quarter EPS of 0.45 CNY versus estimate of 0.50 CNY resulting in -10.40% surprise