BYD's Export Outlook Key to Next Phase of 66% Peer-Beating Rally [Financial Post (Toronto, Ontario, Canada)]
BYD CO LTD UNSP/ADR (BYDDY)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — With the market already anticipating record sales from Chinese automaker BYD Co., a convincing overseas growth story will be needed to spur the next leg of its peer-beating stock rally. The company has established itself as the leader in China's electric-vehicle market, the world's largest, and is poised to post higher quarterly revenue than Tesla Inc. for the first time ever. Profitability will be closely watched when BYD reports earnings on Oct. 30 amid ongoing price wars in the sector. Market watchers say the company's sales outside China are key for further gains in the Hong Kong-listed stock, which has surged 66% from a February low. The export outlook is promising but clouded by trade tensions, and BYD is moving to counter this through efforts such as accelerating localized production. “Export is the next main growth driver for the company
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