招银证券3月31日发布公告。Maintain BUY with TP trimmed slightly to HK$282. Based on our revised EV sales projection, we raised our bottom-line forecast by 7% to RMB7.3bn in 2021E. We think recent weak market sentiment had created good opportunity to accumulate BYD. We remain optimistic on BYD’s automotive sales in 2021E. We cut TP by 6% to HK$282 mainly on more conservative auto shipment volume assumption, maintain BUY.