BYD has shown signs of recovery over the past five days. Share price is above the EMAs, coupled with neutral RSI and improving MACD, suggesting that the stock may continue to trend upwards. The narrowing gap between the EMAs and the potential MACD crossover could support this bullish outlook. As the share price is consistently staying above both EMAs, this reinforces the likelihood of continued upward momentum in the near term.
Net profit is expected to grow at a CAGR of 18% for the next 3 years with net margins to be around 5%.
Source: Rakuten Research - 27 Aug 2024
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