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<Research> BOCI Lowers TP for BYD ELECTRONIC (00285.HK) to HKD38.7 Due to Short-term Headwinds in Consumer Electronics Business
Recommend 9 Positive 13 Negative 14 |
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BOCI published a research report indicating that BYD ELECTRONIC (00285.HK) reported revenue and gross margin for the second half of 2025 that were below the firm's expectations, primarily due to weak performance in the components business, especially metal casings. Management expects that due to declining demand in the smart terminal sector, partially offset by strong mass production of AI servers, revenue in 2026 will remain flat. Considering the short-term headwinds in the consumer electronics business, BOCI has revised down its revenue forecasts for BYD ELECTRONIC by 7% for both this year and next year, and has lowered its EPS forecasts by 29% and 24%, respectively. The firm maintains a "Buy" rating, but lowers the target price from HKD45.5 to HKD38.7, equivalent to a forecast P/E ratio of 15x for 2027. (hc/u) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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