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2025-11-06 14:43:56 During the biennial Tokyo Motor Show (30 October to 9 November), JPMorgan once spoke to two senior executives from BYD COMPANY (01211.HK), according to JPMorgan's research report. Apart from BYD COMPANY, among global brands, Toyota Motor (TM.US)'s future design language and mobility strategy, as well as Mercedes-Benz's new BEV models, were deemed most interesting. This aligns with the broker's long-term constructive view on GAC GROUP (02238.HK) and ZHONGSHENG HLDG (00881.HK). JPMorgan highlighted 10 key observations from the event and implications for BYD COMPANY and the broader Chinese auto market into 2026. The broker reaffirmed its long-term positive outlook on BYD COMPANY, and believed that the company will gradually bottom out after the 3Q25 results release, driven by new models launching in 2026, successful global expansion and gradual improvement in profitability in 4Q25 and 2026. The stock is expected to have a favorable risk-reward profile within 12 months. Therefore, the broker rated BYD COMPANY at Overweight, with a target price of $150. ~ AASTOCKS Financial News Website: www.aastocks.com | |