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<Research>UOB Kay Hian Raises BYD ELECTRONIC (00285.HK) TP to $51.8 as Growth Outlook Remains Intact
Recommend 9 Positive 24 Negative 5 |
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BYD ELECTRONIC (00285.HK) continued to adjust its product mix, with an increased contribution from the auto business, according to UOB Kay Hian's research report. However, this was offset by the underperformance of the components business, resulting in a lower-than-expected overall gross margin. Nevertheless, the Company's growth outlook from 2H25 and beyond remains intact, primarily driven by the momentum from the launch of the new foldable iPhone and its AI server business, which is expected to continue benefiting from the proliferation of liquid cooling technology. Therefore, the broker kept rating at Buy on BYD ELECTRONIC, and raised its target price from $41.2 to $51.8. AASTOCKS Financial News Website: www.aastocks.com |
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