Quantitative Researcher, MRM Research

Nico Rosti

Quantitative Researcher

MRM Research

Quantitative Research

Equity Derivatives

<ul>
<li>In our <a href="https://www.smartkarma.com/insights/byd-1211-hk-tactical-outlook-maybe-soon-is-time-to-buy" target="_blank" rel="noopener">previous insight from September 2</a> we suggested if <a href="https://www.smartkarma.com/entities/byd-co-ltd-h" target="_blank" data-smartkarma-citation="entities:20962:1" rel="noopener">BYD (1211 HK)</a> reached 102 could have been a good BUY signal. </li>
<li>It took a bit more than a couple of week for the stock to bottom at 102.80 (this week), then rally 10%  to 113.50. Impressive, but....</li>
<li>... it could be a Bear rally, so in this insight we will try to assess <a href="https://www.smartkarma.com/entities/byd-co-ltd-h" target="_blank" data-smartkarma-citation="entities:20962:1" rel="noopener">BYD</a> upside potential, and suggest some tactical positioning for the next few weeks.</li>
</ul>


In our previous insight from September 2 we suggested if BYD (1211 HK) reached 102 could have been a good BUY signal. 
It took a bit more than a couple of week for the stock to bottom at 102.80 (this week), then rally 10%  to 113.50. Impressive, but....
... it could be a Bear rally, so in this insight we will try to assess BYD upside potential, and suggest some tactical positioning for the next few weeks.


BYD (1211 HK) Tactical Outlook: Rally or Bear Rally?

<ul>
<li>In our <a href="https://www.smartkarma.com/insights/byd-1211-hk-s-current-relief-rally-may-lead-to-another-pullback" target="_blank" rel="noopener">previous insight</a> we correctly forecasted a short-lived, 2-3 weeks relief rally for <a href="https://www.smartkarma.com/entities/byd-co-ltd-h" target="_blank" data-smartkarma-citation="entities:20962:1" rel="noopener">BYD (1211 HK)</a> , followed by a new downtrend (started this week). </li>
<li>The stock went into OVERSOLD territory according to our model, this week. It's however a bit early to BUY, the stock could fall more.</li>
<li>If <a href="https://www.smartkarma.com/entities/byd-co-ltd-h" target="_blank" data-smartkarma-citation="entities:20962:1" rel="noopener">BYD</a> reaches 102 next week, or the following week, that would be a very good place to BUY. A catalyst could bring the stock back to 140-150.</li>
</ul>


In our previous insight we correctly forecasted a short-lived, 2-3 weeks relief rally for BYD (1211 HK) , followed by a new downtrend (started this week). 
The stock went into OVERSOLD territory according to our model, this week. It's however a bit early to BUY, the stock could fall more.
If BYD reaches 102 next week, or the following week, that would be a very good place to BUY. A catalyst could bring the stock back to 140-150.


BYD (1211 HK) Tactical Outlook: Maybe Soon Is Time to BUY...

Consumer Analyst / Channel Surveillance Specialist, Trudence Capital Advisors

Pranav Bhavsar

Consumer Analyst / Channel Surveillance Specialist

Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

Equity Bottom-Up

<ul>
<li>The past month has witnessed a remarkable shift in India-China relations, with multiple high-profile developments signaling the most significant thaw in bilateral ties since 2020.</li>
<li>Despite the expansion in bilateral commerce, India continues to face a significant trade deficit, especially in pharmaceuticals, where dependence on Chinese imports remains high. </li>
<li>At present, the revived engagement seems to offer greater advantages to Chinese companies than to their Indian counterparts.</li>
</ul>


The past month has witnessed a remarkable shift in India-China relations, with multiple high-profile developments signaling the most significant thaw in bilateral ties since 2020.
Despite the expansion in bilateral commerce, India continues to face a significant trade deficit, especially in pharmaceuticals, where dependence on Chinese imports remains high. 
At present, the revived engagement seems to offer greater advantages to Chinese companies than to their Indian counterparts.


Derivatives and Quantitative Strategist

Gaudenz Schneider

<ul>
<li>
This Insight analyzes sophisticated, live, multi-leg options strategies on <a href="https://www.smartkarma.com/entities/byd-co-ltd-h" target="_blank" data-smartkarma-citation="entities:20962:1" rel="noopener">BYD (1211 HK)</a>, executed over the period from 2 June to 9 June on the HKEX</li>
<li>
Highlights: Discover a range of noteworthy strategies, from an in-the-money bear put spread, to a bold short-term bullish iron condor, and a butterfly aiming at a narrow price target.</li>
<li>
Why read: In-depth breakdown of complex option strategies, shedding light on market sentiment and positioning. Detailed examples provide actionable insights that could inspire similar strategies,</li>
</ul>



This Insight analyzes sophisticated, live, multi-leg options strategies on BYD (1211 HK), executed over the period from 2 June to 9 June on the HKEX

Highlights: Discover a range of noteworthy strategies, from an in-the-money bear put spread, to a bold short-term bullish iron condor, and a butterfly aiming at a narrow price target.

Why read: In-depth breakdown of complex option strategies, shedding light on market sentiment and positioning. Detailed examples provide actionable insights that could inspire similar strategies,


BYD (1211 HK) Options: Unpacking the Top Trades of the Week

Overseas Chinese Equities, Aequitas Research

Ming Lu

Overseas Chinese Equities

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

<ul>
<li>In August, BYD’s total sales volume was still flat and its domestic sales volume continued to shrink.</li>
<li>The operating margin declined significantly to 2.3% in 1H25 from 4.4% in 1H24.</li>
<li>The P/E band suggests a downside of 23% and a price target of HK$89.00.</li>
</ul>


In August, BYD’s total sales volume was still flat and its domestic sales volume continued to shrink.
The operating margin declined significantly to 2.3% in 1H25 from 4.4% in 1H24.
The P/E band suggests a downside of 23% and a price target of HK$89.00.


BYD (1211 HK): Flat Sales Volume in August and Lower Margin in 1H25

China

BYD Company Limited manufactures automotive products. The Company produces ordinary passenger cars, commercial vehicles, and other products. BYD also operates battery making, rail transportation construction, and other businesses.

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BYD (002594 CH)

BYD (1211 HK) Tactical Outlook: Rally or Bear Rally?

BYD rallied 10% after hitting a bottom at 102.80 this week, but it could be a bear rally. This insight assesses upside potential and suggests...

Nico Rosti

BYD (1211 HK) Tactical Outlook: Maybe Soon Is Time to BUY...

We forecasted a short-lived relief rally for BYD (1211 HK) followed by a new downtrend. Stock not yet oversold, but potential BUY opportunity lies...

Nico Rosti

India & China – Rekindling Brotherhood

India-China relations have seen a notable improvement, but India still struggles with trade deficit and dependence on Chinese imports, giving...

Pranav Bhavsar

BYD (1211 HK) Options: Unpacking the Top Trades of the Week

Analysis of sophisticated options strategies on BYD (1211 HK) executed on HKEX. Provides insights into market sentiment and actionable examples...

Gaudenz Schneider

BYD (1211 HK): Flat Sales Volume in August and Lower Margin in 1H25

In August, BYD’s total sales volume was still flat and its domestic sales volume continued to shrink. The operating margin declined significantly...

Ming Lu

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

BYD (1211 HK) Tactical Outlook: Rally or Bear Rally?

​BYD rallied 10% after hitting a bottom at 102.80 this week, but it could be a bear rally. This insight assesses upside potential and suggests...

Nico Rosti

BYD (1211 HK) Tactical Outlook: Maybe Soon Is Time to BUY...

​We forecasted a short-lived relief rally for BYD (1211 HK) followed by a new downtrend. Stock not yet oversold, but potential BUY opportunity lies...

Nico Rosti

India & China – Rekindling Brotherhood

​India-China relations have seen a notable improvement, but India still struggles with trade deficit and dependence on Chinese imports, giving...

Pranav Bhavsar

BYD (1211 HK) Options: Unpacking the Top Trades of the Week

​Analysis of sophisticated options strategies on BYD (1211 HK) executed on HKEX. Provides insights into market sentiment and actionable examples...

Gaudenz Schneider

BYD (1211 HK): Flat Sales Volume in August and Lower Margin in 1H25

In August, BYD’s total sales volume was still flat and its domestic sales volume continued to shrink. The operating margin declined significantly...

Ming Lu

BYD rallied 10% after hitting a bottom at 102.80 this week, but it could be a bear rally. This insight assesses upside potential and suggests...

We forecasted a short-lived relief rally for BYD (1211 HK) followed by a new downtrend. Stock not yet oversold, but potential BUY opportunity lies...

India-China relations have seen a notable improvement, but India still struggles with trade deficit and dependence on Chinese imports, giving...

Analysis of sophisticated options strategies on BYD (1211 HK) executed on HKEX. Provides insights into market sentiment and actionable examples...