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<Research>CMBI Drops BYD ELECTRONIC (00285.HK) TP to $35.8, Rating Buy
Recommend 2 Positive 3 Negative 5 |
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BYD ELECTRONIC (00285.HK) experienced an 18% YoY decline in 2025 earnings, dented by a decrease in gross margin and a drop in sales from major smartphone business clients in 2H25, etc., CMBI published a research report saying. Meanwhile, revenue rose by 1% YoY, roughly in line with expectation. Looking ahead to 2026, management forecasted revenue to remain stable, mainly driven by the enhancement in smartphone components, increased auto content value and strong performance in the AI server business, etc.. The broker lowered its 2026-2027 EPS forecasts for the Company by 9-16%, and dropped its target price from $39.69 to $35.8, with rating kept at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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