Merrill Lynch: BYD reiterated a buy rating target price of 64.3 yuan a thousand thousand shares hot column capital flows on stock diagnosis the latest rating simulated trading client sina finance App: Live on-line blogger to tutor Sina Hong Kong APP: real time market exclusive reference stocks also worth the investment? What’s the problem? Where is the future of the way out? Sina launched the "Hong Kong Hong Kong stocks as well as unattractive" discussion, with a rational and constructive attitude, welcome attention to Hong Kong stocks, concern of the capital market, Hong Kong stocks together for suggestions, seek the Hong Kong stock market tomorrow. Please to hkstock_biz@sina. Merrill Lynch published research report, BYD promotion (01211.HK) target price from 63.4 yuan to 64.3 yuan, equivalent to 31 times 2016 forecast earnings, and earnings per share in 2018 2016 to compound average growth rate of 22%. Reiterate ‘buy’ rating. Merrill Lynch quoted BYD executives said, in the fourth quarter of this year, last year to sell new energy vehicles, can receive deferred government subsidies 8 billion 400 million yuan, the first half of this year to relieve the negative free cash flow of 7 billion 600 million yuan. Merrill Lynch stock BYD balance sheet can be improved, debt to equity ratio from 96% in 2015 to 35% in 2016, then to 24% in 2018. Merrill Lynch said, BYD expected the new energy car sales in 2017 reached 200 thousand vehicles. Merrill Lynch to enhance the company in 2017 and new energy vehicles in 2018 is expected to sell to 200 thousand and 286 thousand. Based on sales forecast, Merrill Lynch stock BYD can get 100 billion respectively in 2016 to 2018 128 billion, and the income of 144 billion yuan. Bank of America Merrill Lynch in 2017 and in 2018 revenue expectations, higher than the market statistics each higher than 8%. Merrill Lynch said, from 2017 to 2018, through the production increase, each BYD automobile battery fixed depreciation and amortization costs down 18% and 5% material. Merrill Lynch maintained BYD in 2017 and 2018 car division, in addition to pre tax profit margins in 10.4% and 11.4%, but the promotion of group 2017 and 2018 net profit forecast to 5 billion 700 million and 7 billion 300 million yuan. (both) to enter the Sina financial stocks] discussion相关的主题文章: