UPDATE: Why Nomura Believes BYD Is Worth 64 HKD? — Barron’s Blog

By Shuli Ren Nomura Securities maintained its price target of 64 Hong Kong dollars after BYD (1211.HK) reported its second-quarter earnings. Shares of BYD reversed earlier losses and closed 2.2% higher at HKD50.3 yesterday even as its conventional car sales slumped. The broker’s…

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