BYD Co. Ltd

BYD Co. Ltd (OTC: BYDDY) is a China-based manufacturer primarily focused on transportation equipment, with a strong emphasis on new energy vehicles (NEVs). In addition to its automotive operations, the company is involved in mobile phone components and assembly, rechargeable batteries, and photovoltaic products. It sells passenger vehicles under its Dynasty and Ocean series and serves both domestic and global markets.

As per Kalkine’s Dividend Income Report published on ‘BYDDY’ on Feb 25, 2026, Kalkine provided an ‘Buy’ stance on the stock at USD 12.63 based on fundamental analysis and the stock price has now moved up by ~ 7.44% since then.

Noted below are the details of support and resistance levels provided in our previous report:

Rationale:

Despite strong export momentum and improving electric vehicle economics globally, the company faces mounting near-term pressures from weakening domestic demand, rising inventories, and reduced policy support in China. Elevated input and logistics costs are likely to compress margins, while increasing dependence on overseas markets introduces additional geopolitical and demand uncertainties. With recent performance already reflecting optimistic growth expectations, these factors collectively suggest limited upside and a case for a more cautious stance.

Valuation (Using Price/Earnings Per Share Multiple)

Share Price Chart

Conclusion

Based on recent gains that appear to reflect strong global EV momentum, alongside rising cost pressures and softness in domestic demand, a "Sell" is recommendation on BYD Co. Ltd (OTC: BYDDY) has been given at the closing market price of USD 13.57 as on 08 April 2026.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 08 April 2026. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and/or technical analysis taking into consideration both short-term and long-term scenario.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 6: Dividend Yield may vary as per the stock price movement.