On the eve of the 'historic' financial report, BYD Company Limited sees a mass exodus of short sellers.
The data shows that the short-selling ratio of byd company limited's Hong Kong stocks decreased from 7.7% earlier this year to 0.9% last Friday, approaching the lowest level since July 2022. Currently, the market expects byd company limited's third-quarter revenue to be 204.8 billion yuan, expected to achieve a historical high and surpass tesla.
The EU has decided to impose a final anti-subsidy tax on autos from China for a period of five years.
The relevant decision is expected to be published in the Official Journal of the European Union on October 30th local time, and the anti-subsidy tax will be officially implemented starting from October 31st.
The Ministry of Foreign Affairs of the country hopes that the European side will engage in constructive dialogue with China to prevent the escalation of trade friction.
National Foreign Ministry spokesperson Lin Jian presided over the regular press conference, responding to the EU's imposition of tariffs on Chinese electric automobiles. Regarding the issue of tariffs, the spokesperson of the National Department of Commerce has clarified China's position on this. As emphasized in the diplomatic circle, without industry applications, the EU institutions insist on conducting anti-subsidy investigations on Chinese electric automobiles and imposing high tariffs, which is a typical act of trade protectionism that will harm the industrial chain supply chain cooperation between China and Europe, and damage the interests of European consumers. Hope that the EU will continue negotiations with China in a constructive attitude, demonstrate sincerity and flexibility, seek solutions, and avoid escalating trade frictions.
Citi compares BYD Company Limited (01211.HK) in 'Great Performance,' initiating a 90-day positive catalyst observation. Shipping volume should remain strong in the first quarter of next year.
Citi released a report, initiating a 90-day positive catalyst observation on BYD Company Limited (01211.HK), expecting fourth-quarter profits to rise driven by strong demand, the possibility of maintaining strong sales momentum in the first quarter of next year during the slow season, and potential stimulus policies extended to next year. The target price for its listed in Hong Kong shares is 488 yuan with a "buy" rating. The report indicated that based on mainland retail orders, BYD's order volume for the whole of October was around 0.57 million units. If the export volume increases to between 0.035 million and 0.04 million units, the actual total monthly demand (export + domestic) should exceed 0.6 million units. In addition, the report stated that if BYD's net profit for the third quarter is between 11.5 billion and 11
How does the EU's anti-subsidy tax affect auto stocks? Stock prices of nio inc and Geely have declined, but short selling activity is decreasing.
①What impact does the anti-subsidy tax have on the trend of auto stocks? ②What changes have occurred recently in the short sell data of auto stocks?
Gelonghui October 30th｜Shanghai Ganglian E-commerce Holdings released data showing that today's battery-grade lithium carbonate prices fell by 500 yuan compared to the previous day, with an average price of 0.073 million yuan per ton.
Gelonghui October 30th｜Shanghai Ganglian E-commerce Holdings released data showing that today's battery-grade lithium carbonate prices fell by 500 yuan compared to the previous day, with an average price of 0.073 million yuan per ton.