Buffett-Backed BYD Caught In The Chinese Government’s Stimulus
Key Points Shares of BYD traded higher to start the month of June as the Chinese government announced its intentions to stimulate the economy after lackluster inflation data.A brief comparison to a more prominent and established car manufacturer can lay the value foundation for investors to analyze.The future growth potential in the company demonstrates has commanded higher P/E ratios, where markets expect superior profitability and growth rates to continue.Among the many measures from the government, easing curbs in the car market and increasing car ownership quotas will indeed affect the sto...