BYD Share Sale: A Steer in the Right Direction 比亚迪A股上市是好事

I read with interest that car maker BYD (HKEx: 1211), whose stock soared after Warren Buffett invested the company, only to crash more recently as sales stagnated, has finally won approval for a major new listing in China’s Shenzhen A-share market. (English story) I thought about it for a few minutes, trying to think if yet another distraction for this company, even if it was intended to raise more money, was a good thing, a bad thing, or generally neutral. In the end I’ve decided it will probably be good, but not because it will raise more money for the company to pursue its new energy dreams, which still have me highly skeptical. (BYD’s latest EV announcement) Instead, I think this listing could be good for BYD because it will force the company to do more to improve its image and performance in its home China market, since buyers of the stock will be the same Chinese who buy BYD cars. One of BYD’s biggest problems right now is that it’s neglecting its core car business in pursuit of loftier things, mostly electric. But having millions of Chinese shareholders looking over its shoulder after this A-share sale could be just the tonic this company needs to force it to focus on the present as well as the future.

Bottom line: BYD’s A-share sale could finally make this starry-eyed company return to basics or risk major volatility from unhappy investors in its home market.

我对汽车制造商比亚迪<1211.HK>A股IPO申请终於获批的消息很感兴趣。比亚迪目前在香港上市,获巴菲特投资後股价曾大涨,但由於产品销售迟滞,其股价近期重挫。我想了想,比亚迪A股上市,究竟是好事呢,坏事呢,还是不好不坏?我最後推断应该是好事,倒不是因为比亚迪A股上市可以圈到更多钱,实现其新能源梦想,事实上我对其新能源之梦是持怀疑态度的。我的想法是,A股上市对比亚迪有好处,因为这样比亚迪势必要更努力地改善在中国市场的形象,毕竟其股票投资者将是与其汽车消费者同样的群体了。比亚迪目前最大的问题之一是,忽视核心的汽车业务,追求相对缥缈的东西。而在A股上市,有了数百万中国投资者监督,比亚迪在着眼未来的同时,还得重点关注眼前。

一句话:A股上市,可能使得比亚迪更脚踏实地,否则就会惹恼中国投资者

Related postings 相关文章:

BYD’s EV Strategy: Bury Them With Figures

China’s Green Auto Dream: A Road Paved with Problems 中国的绿色汽车之梦:前途荆棘密布

It’s Good News, But More Is Needed To Jump-Start BYD 比亚迪:需要更多好消息

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