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March 21st, 2024 | 07:00 CET

Big hits for BYD, Bitcoin Group and the Carbon Done Right Developments share

  • CarbonCredits
  • Sustainability
  • Bitcoin
  • Electromobility
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Bitcoin is not for the faint-hearted. Following the rapid rise to a new all-time high of USD 73,000, the cryptocurrency has fallen by USD 10,000 in just a few days. The Bitcoin Group share is also feeling the effects of this. Analysts anticipate that the trading platform will significantly increase its turnover in 2024. Carbon Done Right Developments is currently going from strength to strength. Following its renaming, the Company now wants to acquire a blockchain-supported trading platform for emission certificates and is seeking a secondary listing of its shares in London. The share is anything but expensive. One analyst's target price for BYD shares has caused a sensation. Accordingly, there is more than 100% upside potential. Sales figures and margins should recover quickly. The Chinese company is also focusing on Europe. The car manufacturer will be the main sponsor of the upcoming European Football Championship, is building a factory in Hungary, and aims to multiply its sales.

time to read: 4 minutes | Author: Fabian Lorenz

Table of contents:

    Carbon Done Right Developments now with blockchain

    The business model of Carbon Done Right Developments Inc, formerly Klimat X Development Corp, in the billion-dollar market of emissions certificates, is becoming even more unique and exciting thanks to an acquisition. The Canadian specialist for CO2 certificates combines the fight against climate change, sustainable agriculture, and economic support for remote regions. Its core business is the protection of forests and mangroves from deforestation and their reforestation. The CO2 certificates generated in this way are sold to companies worldwide.

    Carbon Done Right Developments is now expanding its business model to include a trading platform for emission certificates. The Company has announced its intention to acquire the London Carbon Exchange ("LCE"). The LCE has developed a blockchain-based platform for emissions trading. By tokenizing emissions certificates, the LCE achieves high transparency, low costs and a high level of security. With the takeover, Carbon Done Right Developments is positioning itself more prominently in the billion-dollar market of emissions certificates and their trading, bridging agriculture with state-of-the-art technology. For example, drone and satellite data is analyzed using artificial intelligence and machine learning to track the development of each individual tree. The Company calls this "radical transparency" and aims to create customer trust through it.

    The USD 450,000 acquisition of LCE will be paid for in shares. The capital increase will also be accompanied by a secondary listing on the London Stock Exchange Alternative Investment Market ("AIM"), which should further raise the profile of Carbon Done Right Developments shares. The Company is currently valued at around CAD 5 million. Considering the potential of the emissions certificate market, this appears to be anything but a high valuation.

    BYD: More than 100% upside potential

    BYD shares have been on an upward trend since the beginning of February. Since then, the share price has climbed from just over EUR 20 to over EUR 25. The latest study by Citigroup has created a positive mood among shareholders of the Chinese car manufacturer. The analysts believe that a doubling of the share price is possible. This is expected to be driven by significantly higher sales figures and improved margins. The analysts are optimistic that the decline in sales will come to an end in the current month. They expect BYD to sell 320,000 vehicles worldwide in March. In February, the figure was less than 130,000. The increase in sales should also improve margins. Accordingly, the analysts at Citigroup set a price target of around EUR 53 for the BYD share.

    The Chinese company's expansion plans show that BYD could soon sell more than 300,000 vehicles in Europe alone. The focus is clearly on Europe. "Our goal is to become a European company, not a Chinese company that does business in Europe", said BYD Europe boss Michael Shu in an interview with "Automobilwoche". The first BYD factory in Europe is scheduled to start operations in 2026. The plant in Hungary will then be gradually expanded to a production capacity of 300,000 vehicles per year. For context: In 2022, BYD sold 16,000 vehicles across Europe. To boost sales, BYD is wielding a big market strategy this year. The Chinese car manufacturer is one of the main sponsors of this year's European Football Championship in Germany. This move is expected to increase brand awareness significantly. Whether this translates into increased sales remains to be seen.

    Bitcoin Group: Consolidation with Bitcoin

    The Bitcoin Group share has been one of the big winners on the German stock market in recent months. From EUR 18 in October 2023, the security shot up to EUR 57 by mid-March 2024. The price explosion followed the trajectory of Bitcoin. Digital gold reached an all-time high of over USD 73,000 a few days ago. Recently, a consolidation has set in and the Bitcoin Group share price also fell by around 11% to EUR 52. However, there is further upside potential. The trading platform for various cryptocurrencies not only has over 1 million customers but also holds substantial amounts of Bitcoin and Ethereum. In a study in September 2023, the analysts at GBC issued a price target of EUR 55. They expect revenue of EUR 13.57 million and earnings per share of EUR 0.67 for 2024. Of course, these forecasts date back to the time before the sharp rise in the price of Bitcoin. Accordingly, the current operating performance should be much more positive. And then, of course, there are the Company's own holdings of Bitcoin and Ethereum. A research update is likely to result in a significant increase in forecasts and price targets.

    BYD remains a fundamental investment in the field of electromobility. It will be interesting to see whether the Chinese company can establish itself in the European market. With the investments in Hungary and the sponsorship of the European Championship, the Chinese are certainly going full throttle. Carbon Done Right Developments, on the other hand, is an exotic investment on the stock market. However, this is positive, as the Company is still largely unknown yet active in a market worth billions. The purchase of the trading platform and the secondary listing in London should increase awareness of the share. The price of the Bitcoin Group will continue to depend on Bitcoin.

    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.

    In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.

    For this reason, there is a concrete conflict of interest.

    The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.

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    Der Autor

    Fabian Lorenz

    For more than twenty years, the Cologne native has been intensively involved with the stock market, both professionally and privately. He is particularly passionate about national and international small and micro caps.

    About the author

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