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| HSI1 | 22,934.68 | 0.00 | -- |
| HSCEI1 | 7,689.19 | 0.00 | -- |
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2026-10-13 11:13:50 G Sachs published a research report stating that BYD ELECTRONIC (00285.HK)'s revenue growth is expected to recover by 2027, benefiting from relatively stable memory costs, stabilizing demand for smartphones and personal computers, and upgrades in the company's product mix. The company is also seeing increased revenue exposure from Apple Inc. (AAPL.US) and BYD COMPANY (01211.HK), while expanding into the AI server supply chain, including liquid cooling and power supply. The broker continued to expect BYD ELECTRONIC's gross margin to recover by 2028. Based on a target price-to-earnings ratio of 10x for 2027, it raised the target price from HKD21 to HKD22 and maintained the Sell rating on BYD ELECTRONIC. G Sachs said end-market demand remained relatively soft amid high memory costs. The broker has also incorporated AI computing infrastructure into its forecasts, reflecting the company's expansion into AI data centers, and lowered its consumer electronics revenue forecasts. Accordingly, it reduced its net profit forecasts for BYD ELECTRONIC for 2026 to 2028 by 40%, 3% and 32%, respectively. Nevertheless, it still expects HoH growth of 24% in 2H26, driven by stabilizing memory costs that could improve demand for electric vehicles and consumer electronics end-products, together with better seasonality and the launch of more flagship models. (gc/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. | |