Negative News Continues to Release Pressure on BYD

Negative News Released Pressure on UN Blocking Shares BYD After returning to the A-share market, BYD, who was the best of its kind at the moment, did not give power because of its unfavorable performance. After its share price fell continuously, it broke yesterday.

Buffett Halo over the head, although the performance of the first quarter of 2011 was not good, but on June 30, the first show of BYD listed on the SME Board is still wonderful, the day rose more than 40%, far exceeding market expectations. In the next two trading days, BYD continued its continuous daily limit in the king's attitude and continued to rise in the following trading days. On July 6, it set a new high of 35.55 yuan since its listing.

However, compared with its crazy stock price, BYD's performance is surprising. According to its 2011 semi-annual report, the company realized a net profit of 275 million yuan during the reporting period, a year-on-year decrease of 88.63%. After this drag, the company's stock price also fell after hitting a new high. As of yesterday's close, the stock price has plummeted by 49% from its historical peak.

Judging from the performance of yesterday's disk, BYD fell slightly after flat open and then fell sharply. The lowest fell to 17.98 yuan in intraday trading, fell below its issuance price of 18 yuan, and finally closed at 18.09 yuan, down 6.27% throughout the day. .

Yin Xudong, a financial analyst at Yintang Forward View, believes that BYD’s unfavorable results, product quality, layoffs, and other negative news all contribute to the decline in BYD's share price. In addition, 15 million restricted shares were listed on September 30, which also made BYD's dual pressure on the market for the first trading day after the holiday to resolve banned stocks fell below the issue price. In view of the faded BYD Buffett aura, major changes in its mid-term performance, and market conditions, investors are advised to avoid it properly.

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