China’s BYD Co. and Geely Automobile Holdings Ltd. are poised to benefit from higher demand for electric vehicles as the Iran war drives up oil prices.
“Overseas sales growth will become a bigger priority for Chinese automakers this year as higher oil prices boost EVs’ popularity, with electricity’s steadier pricing,” Bloomberg Intelligence said. On the other hand, intense competition and subsidy cuts probably dented first-quarter earnings.
Chinese banks including Agricultural Bank of China Ltd. and Bank of China Ltd., China Construction Bank Corp. and Industrial & Commercial Bank of China Ltd. may post low- to mid-single-digit profit growth in 2026 as net interest margin pressure eases, fees recover and investment gains improve, BI said. Standard Chartered Plc faces Iran war risks given its Middle East exposure.
Cambricon Technologies Corp. and Foxconn Industrial Internet Co. will also continue to offer a glimpse of how China’s hardware players are responding to the artificial intelligence boom.
Highlights to look out for:
Monday: Advantest (6857 JP) is set to post higher sales on a strong showing from AI chip testers. It could announce a 15%-20% sales growth outlook for fiscal year 2027, BI said. Watch any financial impact from the ransomware attack disclosed in Feb., and updates on measures taken to mitigate any further incidents.
Tuesday: BYD (1211 HK) could regain China market share on stronger EV and battery exports, amid surging oil prices and a domestic recovery with a new model cycle. These factors also support a full-year volume rising 50% to 1.5 million units from 2025, BI said. Watch for commentary on capacity, as a price war among China EV makers weighs on industry margins.
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