Goldman Sachs: BYD Company Limited (01211.HK) confident in overseas expansion, maintains "buy" rating.

According to the Zhixun Financial APP, Goldman Sachs released a research report predicting that the average compound annual growth rate of profit for BYD Co., Ltd. (01211, 002594.SZ) from 2025 to 2028 will reach 30%, with the overseas profit contribution increasing from 21% in 2024 to 60% in 2028. They maintain a "buy" rating, with a target price of HK$141 for the H shares and RMB 144 for the A shares. BYD's management is confident in long-term overseas expansion, with a target of 1.5 million overseas vehicle sales by 2026 to drive profit growth. While the management acknowledges the uncertainty in the Chinese market demand, they still plan to announce key technologies and launch new products in the first quarter of next year, and adopt a more flexible pricing strategy.