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| HSI1 | 23,393.32 | +98.90 | 204.84B |
| HSCEI1 | 7,906.11 | +43.89 | 74.19B |
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2026-11-02 15:49:06 BOC International issued a research report stating that the trough in consumer electronics and the ramp-up in AI infrastructure for BYD ELECTRONIC (00285.HK) signal an attractive entry point. The broker said the company's 3Q26 results missed expectations due to weak smartphones, with revenue rising 6% YoY, while gross profit and net profit fell 31% YoY and 61% YoY respectively. Although the consumer electronics segment is expected to remain under pressure from 2026 to 2027, the broker believes a shift by a major US client toward higher titanium content in smartphone designs in 2027 will effectively offset the downcycle. In addition, continued AI infrastructure expansion and higher content value per vehicle for automotive intelligent systems (AIS) in 2027 are expected to support the group's gross margin. With the current P/E ratio and P/B ratio near historical averages at levels more than two standard deviations below the mean, coupled with the company's precision manufacturing capabilities shifting toward AI infrastructure, the broker views current levels as an attractive entry point. The broker maintained its Buy rating on BYD ELECTRONIC (00285.HK) with a TP of HKD33.7, based on 15x 2027 EPS. (da/ad)~ 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. | |