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<Research>CLSA: BYD COMPANY (01211.HK) LT Export Prospects Remain Optimistic; EU Sanctions To Affect Expansion
Recommend 15 Positive 23 Negative 11 |
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Foreign media reported that the EU is investigating whether China provided unfair subsidiary to BYD COMPANY (01211.HK)'s EV plant in Hungary, according to CLSA's research report. CLSA believed that there are two reasons for the drop in BYD COMPANY's share price today, one of which is the news about the Hungarian plant. The credibility of the news is still uncertain. However, if the EU imposes sanctions on Hungary in the future, BYD COMPANY's localization expansion will be impacted. Nevertheless, the broker believed that BYD COMPANY's long-term export outlook remains positive. AAStocks Financial News |
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