The Zhitong Finance App learned that Lyon released a research report saying that the bottom of BYD shares (01211.HK) has been completed. It is expected that its dominant position will return in the second half of this year, and free up room for growth in overseas markets and energy storage systems (ESS). The bank reaffirmed its “High Conviction Outperform” (High Conviction Outperform) rating and maintained the target price of HK$120; at the same time, it also reaffirmed the “Highly Confident Outperform” rating for BYD (002594.SZ) A shares and maintained the target price of RMB 120.

The Zhitong Finance App learned that Lyon released a research report saying that the bottom of BYD shares (01211.HK) has been completed. It is expected that its dominant position will return in the second half of this year, and free up room for growth in overseas markets and energy storage systems (ESS). The bank reaffirmed its “High Conviction Outperform” (High Conviction Outperform) rating and maintained the target price of HK$120; at the same time, it also reaffirmed the “Highly Confident Outperform” rating for BYD (002594.SZ) A shares and maintained the target price of RMB 120.