I just upped my stake in BYD $1211 (-0,37 %) / $BYDDY (-0,77 %), despite the uneasy vibes from China's economic trends. The IMF's latest word is China's growth might cool to 4.6% next year. It's a decent pace, considering the difficulties we've seen this year, especially with the looming concerns over the property sector and global demand.
Despite the broader economic headwinds from China, BYD's estimated financials paint a promising picture. The company's investor relations page reveals an anticipated profit jump of as much as 86.49% year-over-year, alongside a significant increase in earnings per share from RMB5.71 to possibly beyond RMB10. While merely estimates, these figures signal a strong performance against a backdrop of uncertainty.
I'm looking at BYD with a mix of hope and caution right now. Seeing their numbers makes me wonder about the future. What do you all think? Is BYD a smart pick with everything going on in China's economy? I would love to hear your thoughts and predictions!
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