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<Research>CLSA Slashes BYD ELECTRONIC (00285.HK) TP to $33.3, Cuts Earnings Forecasts
Recommend 8 Positive 11 Negative 9 |
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BYD ELECTRONIC (00285.HK)'s 2025 net profit declined by 18% YoY to RMB35.2 billion, mainly due to the impact of demand fluctuations from major overseas clients on its components business, CLSA published a research report saying. The broker lowered its 2026/ 2027 earnings forecasts for BYD ELECTRONIC by 34%/ 39%, based on demand fluctuations in its metal casing business and a decrease in operating leverage for the Android assembly business caused by memory price hikes. Therefore, CLSA slashed its target price from $48 to $33.3, which corresponds to a projected PE ratio of 18x, with rating kept at Outperform. AASTOCKS Financial News Website: www.aastocks.com |
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