$BYD COMPANY(01211)$ not a good time to buy. Their debt will be growing due to the need to repay suppliers because of china legislation. They owed their suppliers large amount of money as payables and were not paying. So government step in to force them to repay
Margins are thinning. So both these factors will contribute to falling profits which should put it at 25 times PE. It will be more expensive than Toyota.
Stock likely to fall to 60HKD to have 15 price earnings. Automobile tend to be valued at 10 times PE
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