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| HSI1 | 25,776.53 | -335.31 | 291.55B |
| HSCEI1 | 8,681.83 | -123.77 | 111.37B |
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2026-04-29 15:15:46 Foreign exchange volatility and memory cost pressure affected BYD ELECTRONIC (00285.HK)'s short-term profit, according to a BOCI research report. The company's 1Q26 results were mixed, with revenue rising by 4% YoY, gross margin improving by 1.2 ppts QoQ, and net profit plunging by 96% YoY. The decline in net profit was mainly due to changes in the business mix of assembly and components, reduced shipments from its parent company BYD, and foreign exchange losses. BOCI has cut its target price for BYD ELECTRONIC from HKD38.7 to HKD37.1, with a rating of Buy. ~ AAStocks Financial News Web Site: www.aastocks.com | |