BYD’s Shenzhen Share Split Could Boost Stock After Retreat

A three-for-one stock split for BYD Co.’s mainland-traded shares could be a positive catalyst for the carmaker after a weeks-long slump.

Its Shenzhen-listed stock trades ex-dividend on Tuesday, taking into account a bonus issue and capitalization issue announced in April. This will lower the price for one lot of 100 shares to around 11,000 yuan ($1,532), down from roughly 34,000 yuan per lot on Monday, a potential boon onshore where retail investors are more active. They’re also highly sensitive to the minimum amount required to own shares of the company.