27493 JP-BYD @EP2509A.P
- 0.074
- +0.001+1.37%
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.
Hong Kong stock abnormal | Autos stocks collectively fell in the morning, the EU decided to impose anti-subsidy taxes on China's electric autos
Auto stocks fell collectively in the morning session. As of the time of writing, Great Wall Motor (02333) dropped by 2.27% to HKD 12.92; Li Auto Inc-W (02015) fell by 1.71% to HKD 109.5; Xpeng-W (09868) fell by 0.87% to HKD 45.55.
Electric vehicle companies started weak in the market, with Nio Inc (09866) dropping by 4.5%. The European Union has decided to impose a five-year anti-subsidy tax on electric cars imported from China.
Finance News: Electric vehicle companies weakened in the early trading session. As of press time, nio inc (09866) fell by 4.5%, geely auto (00175) fell by 3.36%, xpeng (09868) fell by 1.85%, leapmotor (09863) fell by 1.6%, great wall motor (02333) fell by 1.06%. On the news front, the European Commission announced the end of the anti-subsidy investigation and decided to impose a final anti-subsidy tax on electric vehicles (BEV) imported from China for a period of five years. The relevant decision is expected to be announced in the Official Journal of the European Union on the 30th local time, and the anti-subsidy tax will take effect on the 31st.
China does not agree with or accept the final ruling on the EU's anti-subsidy investigation and will bring a lawsuit against the WTO.
The spokesperson of the Ministry of Commerce of the country responded to the final ruling of the EU's investigation into anti-subsidy measures for Chinese electric automobiles, noting the announcement made by the European Union. China has repeatedly pointed out that the EU's investigation into anti-subsidy measures for Chinese electric automobiles has many unreasonable and non-compliant aspects, using protectionist practices under the guise of 'fair competition' to actually perform 'unfair competition'. China does not acknowledge or accept the ruling and has filed a lawsuit under the dispute resolution mechanism of the World Trade Organization. China will continue to take all necessary measures to resolutely defend the legitimate rights and interests of Chinese enterprises. At the same time, it is noted that Europe has expressed its intention to continue negotiations with China regarding price commitments. China has always advocated for open dialogue.
Express News | Spokesperson of the Ministry of Commerce answers questions on the EU's announcement of the final ruling on the anti-subsidy investigation against Chinese electric cars.
Express News | gtja: Driven by the birth policy, large-space models are expected to increase significantly.
Futu Morning Post | Global asset frenzy! Nasdaq, gold hit record highs, bitcoin nearing historical highs; Cloud business strong growth! Google up nearly 6% after hours.
Da Ma: US stocks have not fully priced in a Trump victory; The "fear index" VIX has turned net long for the first time since 2018; AMD fell more than 7% after-hours, fourth-quarter revenue outlook fell short of analyst's expectations.
BYD Said to Hire Former Stellantis UK Boss for Europe Push
Exclusive | Unveiling the first mass-produced full solid state battery assembly line: the scale cost is not higher than liquid, but still can't be used in cars
①The first all-solid-state battery production line has sparked discussion again. The builder of the production line, a person from Pure Lithium New Energy Company, stated that current customers come from energy storage and electric two-wheelers, not involving power batteries; ②Pure Lithium New Energy has put into operation a production line with a target capacity of 200MWh, and has planned to expand production to 6GWh of solid-state energy storage battery production line; ③In the A-share market, companies are mainly focusing on technological routes involving oxides and sulfides.
Chip maker ON Semiconductor (ON.US) earned 31% less in quarterly profits in the US stock market, as demand from Chinese automakers grew less than expected.
American semiconductor company ON.US announced its third quarter performance. Quarterly net profit fell by 31% year-on-year to 0.402 billion US dollars, with diluted net profit per share of 93 cents for the quarter, adjusted to 99 cents, higher than the market's expected 97 cents. Quarterly revenue fell by 19% year-on-year to 1.762 billion US dollars, compared to the market's expected 1.75 billion US dollars.
Macquarie upgraded Nio Inc (09866.HK) to "Outperform", downgraded Geely (00175.HK) to "Neutral", and favored byd company limited (01211.HK).
Morgan Stanley's report states that for most major listed electric vehicle companies, their sales trends in the third quarter have exceeded expectations, with an increase in the average selling price combination for companies such as BYD (01211.HK) and Geely (00175.HK). The bank pointed out that NIO may be the only company whose sales and sales performance are below expectations, but the performance of its Onvo L60 in the fourth quarter may be more meaningful, prompting an upgrade from "neutral" to "outperforming the market". The bank expects the industry to deliver a bright performance overall, although most of it has been reflected in stock prices, and due to Geely's recent outstanding performance, it downgraded its rating to "neutral".
Sudden move impact | Auto stocks collectively rise, October auto sales are expected to increase by 8.2% year-on-year, and the growth rate of auto sales is expected to further rise.
Automobile stocks collectively rose, as of the deadline, Nio Inc-SW rose by 10.35%, to 45.85 Hong Kong dollars; Xpeng-W rose by 4.8%, to 46.95 Hong Kong dollars; leapmotor rose by 1.16%, to 30.55 Hong Kong dollars.
Daily Bulls and Bears | Hang Seng Index futures surged to 20,733 points overnight! The proportion of bull certificates trading decreased slightly, with Tencent and Alibaba receiving inflows of good warehouse funds.
On Monday, the Hang Seng Index rose slightly, closing at 20,599 points, reaching a high of 20,669 and a low of 20,428 during the day. Overnight, the Hang Seng Index futures (October) closed at 20,733 points, up 134 points or 0.651%, with a high of 134 points.
China Association of Automobile Manufacturers: In September, sales of chinese brand passenger vehicles totaled 1.709 million units, a year-on-year increase of 21.9%.
According to the statistics and analysis of the China Association of Automobile Manufacturers, in September 2024, china brand passenger vehicles sold a total of 1.709 million units, an increase of 17.1% month-on-month and 21.9% year-on-year, accounting for 67.7% of the total passenger vehicle sales volume, with a market share increase of 11.3 percentage points compared to the same period last year.
BYD Third-Quarter Profit Likely Rose on Robust Sales -- Earnings Preview