Price target:
UOB Kay Hian “buy” HK$150 Rapid progress made in rechargeable battery business
Chinese automobile and rechargeable battery manufacturer BYD is “progressing rapidly” with its new electric vehicle (EV) battery business, says UOB Kay Hian analyst Ken Lee in a Sept 29 note. Lee is maintaining his “buy” call on the company, with a raised target price to HK$150 ($26.48) from HK$95.
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