Preview of the week starting 29Aug2022 - will BYD's decline stop with her coming earning?
Public Holidays Nil for Singapore, China, Hong Kong and USA. Earnings Calendar Some of the earnings for the coming week starting 29 Aug 2022 Personally, the most anticipated earning for the coming week is for BYD (1211.HK or BYDDY - US OTC). BYD is of the most vertically integrated EV manufacturers in the world. To me, BYD is a "worthy" competitor to Tesla. With in-house production of batteries and electronics, Tesla has gone on to become one of the top producers of EV batteries too. BYD is expanding aggressively and was venturing into mining (for raw materials). At the same time, BYD is supplying its safe and affordable LFP batteries to several car makers (where Tesla is rumoured to be one of them). From the chart above, BYD has been in decline since the recent high in July 2022. Despite the decline, it has gained 3.35% compared to a year ago and it remains in the upper half of the 52-week range of 165 to 333. For the coming forecast, the marke...