From Seeking Alpha: 2024-05-07 14:29:46

Alibaba Group Holding Limited (BABA) stock is expected to perform well in the short to medium term, with Chinese stocks experiencing a rebound despite concerns about US interest rate hikes. Goldman Sachs analysts noted a 14% rise in indices like HSCEI and MSCI China since mid-April.

BYD Company Limited (OTCPK:BYDDF) is a major player in the global electric vehicle market, with annual sales and EPS growth of 24% and 28% since 2015. Despite some sales declines in Q1 FY2023, the company remains a strong competitor alongside Tesla, Inc. (TSLA) in a competitive market with over 129 electric vehicle brands.

China remains a key market for EV sales, with significant potential for growth as the country has a low vehicle per capita rate compared to the US and Europe. BYD has a strategic advantage in battery production due to China’s rare earth reserves, allowing for stable margins amid increasing competition. The company’s strong balance sheet and solid financial resources position it well for expansion into new markets.



Read more at Seeking Alpha: BYD May Be Beating Tesla In China, But It’s Not Yet A Buy (BYDDF)