$BYD COMPANY(01211.HK)

BYD Surge: EV Giant Defies the Odds! 🚗

BYD is making waves after its 1Q26 performance. It prove that the king of EVs still has plenty of fuel in the tank. Despite a brutal price war, BYD’s vertical integration is paying off.

🔷Technical Snapshot

The 1H and 4H charts show a strong bullish recovery.

1️⃣Price Action: Currently at HKD 108.3, up 4.44%. The stock has reclaimed the 20-period SMA (blue line), signaling a shift from bearish to bullish momentum.

2️⃣Bollinger Bands: Price is testing the Upper Band (HKD 108.6). A clean breakout here could trigger a massive rally toward the 114 resistance.

3️⃣RSI: Sitting at 54.97. It is well above the oversold 20-30 range but with plenty of room to run before hitting overbought territory.

🔷Fundamentals & 1Q26 Review 🔋

BYD’s Q1 results showcased incredible resilience. Competitors struggle with margins, yet BYD’s scale allowed it to maintain profitability despite aggressive price cuts.

Key highlights include:

1️⃣Market Dominance: Solidified its lead in China while rapidly expanding in SE Asia and Europe.

2️⃣Tech Advantage: New DM-i 5.0 hybrid tech is driving record-breaking fuel efficiency, capturing the “range anxiety” market.

🔷Analyst Sentiment & Valuation

Post-1Q26, analysts remain Overweight/Buy.

🟢 Valuation: Trading at a forward P/E that is significantly lower than its 5-year average, making it a “growth at a reasonable price” (GARP) play.

🟢 Target Prices: Major banks have revised targets upward citing strong export margins as a key catalyst.

🔷The Verdict

Bullish. With the technicals turning green and the fundamentals robust. BYD is a “Buy on Dips” candidate. The path to HKD 120 looks open if it holds the 105 support level.

Not financial advice. Always do your own DD.