BYD Company stock keeps a Buy rating at HKD 103.6

Published on 10/08/2026 at 09:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BYD Company stock keeps a Buy rating as SDIC sets a HKD 103.6 target on October 8, 2026. September deliveries rose 17.0 percent year over year.

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BYD Company stock (ISIN CNE100000296) was trading at HKD 73.05 on the Hong Kong Stock Exchange on October 8, 2026 at 3:19 p.m. HKT, down 2.01 percent from the prior close. According to Futunn on October 8, 2026, SDIC Securities International maintained a Buy rating and assigned a HKD 103.6 price target.

Target stays above current price

The SDIC target lies 41.8 percent above the HKD 73.05 price. Its valuation case uses an estimated 2026 price-to-earnings ratio of 20 times, while the report also points to September volume of 464,000 vehicles and a stronger premium-brand mix.

The same report says Dynasty and Ocean sold 395,000 vehicles in September, up 11.0 percent year over year, while Fangchengbao delivered 43,181 units, up 79.0 percent. Those figures put product mix alongside overseas expansion at the center of the analyst view.

Exports offset domestic pressure

Yahoo Finance reported on October 1, 2026 that BYD sold 463,561 vehicles in September, up 17.0 percent year over year. Passenger-vehicle and pickup exports rose 153.9 percent to 179,877 units, making overseas sales a key counterweight to weaker domestic demand.

For the first nine months of 2026, BYD sold 3,131,576 vehicles, 4.0 percent below the comparable period. Second-quarter net profit reached CNY 8.2 billion, up 30 percent year over year, while first-half gross margin rose to 18.85 percent from 18.01 percent, according to Yahoo Finance.

Stock remains near yearly low

At HKD 73.05, the stock was 35.6 percent below its 52-week high of HKD 113.40 and 2.3 percent above its 52-week low of HKD 71.40 on October 8, 2026. Trading volume stood at 12,921,410 shares, while market capitalization was HKD 663.6 billion.

Investing.com lists a Buy consensus from 27 analysts, with an average 12-month target of HKD 124.41, a high target of HKD 150.62865839 and a low target of HKD 88.16904706. The average target lies 70.3 percent above the October 8 price, according to Investing.com.

Next results date is October 30

BYD is scheduled to release its next earnings report on October 30, 2026, according to Investing.com. The date gives investors a defined checkpoint for testing whether export growth can continue to offset pressure in the domestic market.