BYD ELECTRONIC (00285.HK) -0.050 (-0.148%) Short selling $13.94M; Ratio 4.326% 's 1Q24 net profit rose 33% YoY to RMB610 million, while net profit margin was flat YoY, CLSA noted in a research report.The broker expected BYD ELECTRONIC's annual amortisation cost of intangible assets arising from the Jabil acquisition to be around RMB900 million, while interest expenses on the acquisition will be reduced from 2H24 onwards due to debt repayment and refinancing. To reflect the amortisation cost of Jabil, CLSA lowered its target price on BYD ELECTRONIC from $42.6 to $34 and maintained its Buy rating.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-17 16:25.)