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<Research>BofAS Downgrades BYD ELECTRONIC to Neutral w/ TP Mildly Cut to HKD42 on Intense Competition from LENS
BofA Securities has issued a report downgrading BYD ELECTRONIC (00285.HK)'s rating from Buy to Neutral due to intense competition from its industry peer LENS (06613.HK) in the ...
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<Research>BofAS Downgrades BYD ELECTRONIC to Neutral w/ TP Mildly Cut to HKD42 on Intense Competition from LENS
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BofA Securities has issued a report downgrading BYD ELECTRONIC (00285.HK)  +0.500 (+1.332%)    Short selling $142.85M; Ratio 13.827%   's rating from Buy to Neutral due to intense competition from its industry peer LENS (06613.HK)  +0.580 (+2.506%)   in the iPhone casing and smartphone assembly business starting in 2H25, which may further drag down its already flagging consumer electronics sales.

In addition, BofA Securities anticipated BYD ELECTRONIC's 2024-27 automotive business revenue to achieve a CAGR of 36% on the rapid penetration of its parent company BYD COMPANY (01211.HK)  -0.600 (-0.526%)    Short selling $639.29M; Ratio 28.373%   's ADAS, which may partially offset the negative impact.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-20 16:25.)

Related NewsBofAS Initiates Rating at Buy on LENS (06613.HK) w/ TP $26

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