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<Research>CMBI Drops BYD ELECTRONIC (00285.HK) TP to $35.8, Rating Buy
Recommend 7 Positive 10 Negative 6 |
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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. 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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