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<Research>CLSA Elevates BYD ELECTRONIC (00285.HK) TP to $52.9, Rating Outperform
Recommend 12 Positive 31 Negative 15 |
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BYD ELECTRONIC (00285.HK)'s 2Q25 net profit rose by 22% YoY to RMB1.1 billion, driven by the scalability of its auto sector and improved profit margins of Jabil, CLSA released a research report saying. The Company expected its auto business revenue to grow by 35-40% YoY this year. Benefiting from an upgrade in casing specifications by a client, Jabil's 2026 revenue is expected to increase by more than 50% YoY. The broker slightly lowered its 2025 earnings forecast for the Group by 1%, but raised its forecasts for 2026/ 2027 by 1%/ 2%. Therefore, CLSA elevated its target price from $38.9 to $52.9, with rating kept at Outperform. AASTOCKS Financial News Website: www.aastocks.com |
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