Credit Suisse: byd shares to outperform market rating target price of HK $380

Credit Suisse issued a research report that maintained BYD shares (01211) target price of HK $380, equivalent to 2022 forecast p/E ratio of about 158 times, rating “outperform the market”, optimistic about its long-term development prospects.Byd is expected to cut costs by adjusting prices and reducing dealer subsidies, given margin pressure from falling government subsidies…