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Buffett-Backed BYD Drops as CLSA Cuts Share Forecast 94%

By: capt_nemo in ROUND | Recommend this post (0)
Wed, 26 Sep 12 4:06 PM | 44 view(s)
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Wang Chuanfu, chairman of BYD Co. Ltd., at the 2012 auto show in Beijing, China. BYD Co. is partly owned by Warren Buffett’s Berkshire Hathaway Inc.

BYD Co. (1211), the Chinese carmaker partly owned by Warren Buffett’s Berkshire Hathaway Inc. (BRK/A), fell the most in six months in Hong Kong trading after CLSA Asia Pacific Markets cut the stock’s price estimate by 94 percent.

http://www.bloomberg.com/news/2012-09-25/buffett-backed-byd-s-target-cut-by-94-by-clsa-on-outlook.html




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