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Credit Suisse Bank: Raise the target price of BYD stock to 125 HK dollars.
It is reported that Credit Suisse Bank of Switzerland has raised the target price of BYD shares (0 12 1 1) from HK$ 100 to HK$ 125, maintaining the rating of "outperforming the market".

According to reports, BYD's management revealed that the sales of "Korean" cars reached 6,000 in September and 8,000 in 10/0+February, which is higher than the company's original target of 3,000 to 4,000 vehicles per month and higher than the bank's expectation.

The bank pointed out that the company will launch the DM-i plug-in hybrid vehicle in the first quarter of next year, and the price is expected to be the same as that of diesel locomotives, because the increased cost of DM-i is about 20,000 yuan, which can be made up by 65,438+00% automobile purchase tax reduction and government subsidy of 6,800 yuan.

Therefore, the bank raised its profit forecast for 2020-2022 by 65,438+00.6% to 23.65,438+0% to reflect the above favorable factors, and the target price was raised from HK$ 65,438+000 to HK$ 65,438+025, maintaining the rating of "outperforming the market".

This article comes from car home, the author of the car manufacturer, and does not represent car home's position.