Automotive Aug 07, 2020 09:15 PM (GMT+8) · EqualOcean
Citi believes that although the share price of BYD (1211: HK) has risen recently, this rise still does not fully reflect the value brought by the company's long-term sustainable mask business. Therefore, it raised BYD's target price by 162% to HKD 38 and maintained a "buy" rating. Analyst Andre Lin said that BYD is already one of the world's largest mask manufacturers, and its masks have passed FDA approval.

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