If you don't know who is Carlie Munger, you may have heard of his partner in Berkshire Hathaway, Warren Buffett. Charlie Munger was said to have heavily influenced on the way Buffett invest since his early days, and here is Charlie Munger's comments on BYD:
" BYD is getting widely recognized as being in a sweet spot of Chinese electric cars and buses – longevity of Beijing is 10 years less due to emissions – will stop burning gasoline soon; China recognizes that it must change this behavior that is killing tons of people; iron phosphate solution to lithium fire problem is good even though it is heavy; “Even engineers go crazy – a customer says ‘I want the last 2 pounds,’ which will kill you; you can't take any more steel out of the bridge or make a battery any lighter. BYD is in a privileged position but it is not like the company has a first lien on the passage of time.” "
Showing posts with label BYD. Show all posts
Showing posts with label BYD. Show all posts
Thursday, September 18, 2014
Monday, August 18, 2014
Introducing BYD (1211), alternative to Tesla (TSLA)
Company Profile:
BYD COMPANY LIMITED (HK stock quote 1211) is principally engaged in the research, development, manufacture and distribution of automobiles, secondary rechargeable batteries and mobile phone components. The Company operates its businesses primarily through automobile business, which provides automobiles, including G6, S6 and other series; secondary rechargeable battery business, which provides lithium-ion batteries and nickel batteries, which are applied in mobile phones, digital cameras, electric tools, electric toys and other portable electronic devices, as well as mobile phone components and assembly businesses, which offers casings, keypads, liquid crystal display (LCD) modules, cameras, flexible circuit boards, chargers, and mobile phone design and assembly services. The Company operates its business within domestic market and in overseas markets. BYD's subsidiary, BYD Auto, sold a total of 506,189 passenger cars in China in 2013, making it the tenth largest selling brand and the largest selling Chinese brand.
The company's main focus of business is now in manufacture automobiles, particularly of electric vehicles, like Tesla (US stock quote TSLA) of US, and has currently many pilot and trial runs going on. We should see more of these turning into actual sales contracts for BYD's electric vehicles.
Financials & Outlook:
Last traded = HK$52.45
Market Capital = HK$127.63B
Current P/E = 180
P/S = 5.65
Dividend Yield = 0.14%
The technicals show strong support at about HK$38.
For this I am actually neutral at current price, watching closely...
However, for people who are interested in Tesla (TSLA), they may want to consider BYD (1211) as an alternative to TSLA and with cheaper valuation. A consolation and companion for you in buying BYD is that Warren Buffett, the legendary and famous investor in the World, has 10% investment in this company through his investment vehicle Berkshire Hathaway.
BYD COMPANY LIMITED (HK stock quote 1211) is principally engaged in the research, development, manufacture and distribution of automobiles, secondary rechargeable batteries and mobile phone components. The Company operates its businesses primarily through automobile business, which provides automobiles, including G6, S6 and other series; secondary rechargeable battery business, which provides lithium-ion batteries and nickel batteries, which are applied in mobile phones, digital cameras, electric tools, electric toys and other portable electronic devices, as well as mobile phone components and assembly businesses, which offers casings, keypads, liquid crystal display (LCD) modules, cameras, flexible circuit boards, chargers, and mobile phone design and assembly services. The Company operates its business within domestic market and in overseas markets. BYD's subsidiary, BYD Auto, sold a total of 506,189 passenger cars in China in 2013, making it the tenth largest selling brand and the largest selling Chinese brand.
The company's main focus of business is now in manufacture automobiles, particularly of electric vehicles, like Tesla (US stock quote TSLA) of US, and has currently many pilot and trial runs going on. We should see more of these turning into actual sales contracts for BYD's electric vehicles.
Financials & Outlook:
Last traded = HK$52.45
Market Capital = HK$127.63B
Current P/E = 180
P/S = 5.65
Dividend Yield = 0.14%
The technicals show strong support at about HK$38.
For this I am actually neutral at current price, watching closely...
However, for people who are interested in Tesla (TSLA), they may want to consider BYD (1211) as an alternative to TSLA and with cheaper valuation. A consolation and companion for you in buying BYD is that Warren Buffett, the legendary and famous investor in the World, has 10% investment in this company through his investment vehicle Berkshire Hathaway.