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2026-04-02 11:25:43 In a research report, CLSA stated that elevated oil prices may lead buyers to prefer electric vehicles, particularly in overseas markets. Exports of BYD (01211.HK) and Geely (00175.HK) further increased in March, with year-to-date export volumes rising 56% and 129%, respectively. Meanwhile, domestic sales momentum is also rebounding, especially in the mass market segment. Sales volume of major automakers reached 1.1 million units, down only 1% YoY. Channel data showed that weekly sales of BYD, Geely Galaxy and Leapmotor (09863.HK) increased 10%, 10% and 100% WoW, respectively. The broker believes that momentum in the auto sector is improving, with orders recovering. In terms of stock picks, the broker favors BYD and Geely as key beneficiaries of export growth and resilient domestic sales, assigning TP of HKD130 and HKD23, respectively, and giving both a "High Conviction Outperform" rating. (ss/w)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |