BYD Electronic is trading 12.77% up at €2.93 after Macquarie upgraded the stock to Outperform with a HKD29.22 target price.

  • August 28 interim results showed revenue rising 2.02% to RMB82.234 billion, while net profit fell 75.35% to RMB426 million.
  • Hong Kong-listed shares opened 3.07% lower on August 31, making the European-market rally appear inconsistent with the initial local reaction.