Lyon: BYD Company Limited (01211.HK) indicates that the worst period is over and reaffirms its "highly confident of outperforming the market" rating.

According to the Wise Finance APP, a report released by Lianhe reiterated its "highly confident outperforming the market" rating on both BYD H shares (01211.HK) and A shares (002594.SZ), with target prices of 140 Hong Kong dollars and 140 yuan respectively, equivalent to a forecasted P/E ratio of 19 times next year, due to the trend of the mainland electric vehicle market competition becoming more refined.