CITIC Securities Lyon: Reiterates BYD Co Ltd (01211.HK) H-share target price of HKD 120, with a rating of "Outperform the Market".

Zhijing Finance APP learned that Zhongxin Liang released a research report stating that it reiterated its target price of HK$120 for BYD Co., Ltd. (01211.HK) H shares and RMB 120 for A shares, as well as a highly confident "outperform the market" rating. With the bank raising its BYD 2026 export volume forecast to 1.8 million vehicles and expecting its domestic market share to rebound with the increase in flash charging battery capacity, it is expected that investors' concerns about its profitability will be alleviated.