DBS Raises BYD ELECTRONIC (00285) Target Price to HK$51.8, Growth Prospects Remain Solid
Stock News
Sep 01
DBS published a research report stating that BYD ELECTRONIC (00285)'s product portfolio continues to undergo adjustments, with automotive business contributions on the rise, though this was offset by components business performance falling short of expectations, resulting in overall gross margins below forecasts. However, the company's growth prospects for the second half of the year and beyond remain solid, primarily benefiting from momentum driven by the launch of new foldable iPhone models, as well as the AI server business expected to continue benefiting from the widespread adoption of liquid cooling technology.
DBS maintains a "Buy" rating on BYD ELECTRONIC, raising the target price from HK$41.2 to HK$51.8.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.