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| HSI1 | 25,566.99 | 0.00 | -- |
| HSCEI1 | 8,513.18 | 0.00 | -- |
| Back Zoom + Zoom - Block Traded | |
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2026-08-31 13:27:34 Jefferies published a report stating that BYD ELECTRONIC (00285.HK)'s revenue for 1H26 rose 2% YoY, in line with the broker's and market expectations. However, net profit plunged 75% YoY, far below the broker's and market expectations, mainly dragged down by approximately RMB700 million in foreign exchange losses. The broker maintained its Hold rating and cut the TP from HKD29 to HKD25. The report noted that gross margin for the first half narrowed 2 ppts YoY to 4.9%, below the broker's and market expectations, mainly due to a weaker product mix caused by lower contribution from high-margin components. Jefferies lowered its 2026-2027 net profit forecasts by as much as 29%, significantly below market expectations. The HKD25 TP is equivalent to forecast P/E ratios of 24x and 15x for 2026 and 2027, or a PEG ratio of 0.5x. (ad/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |