BYD Electronic Shares Climb Over 6% in Morning Session Against Market Trend, Cinda Securities Reaffirms "Buy" Rating

Deep News07-17

BYD Electronic (00285) saw its shares rise over 6% during the morning trading session, moving against the broader market trend. At the time of writing, the stock is up 5.80%, trading at HKD 24.82, with a turnover of HKD 399 million.

In a research report, Cinda Securities stated that BYD Electronic (00285) has a deep focus on the automotive electronics sector, possessing significant technological expertise in areas such as smart cockpits, intelligent driving, and various core automotive components. Multiple products have achieved mass installation and supply to mainstream automakers, with shipments for businesses like intelligent driving continuing to rise. The firm forecasts that the company will achieve revenues of RMB 183.0 billion, RMB 201.2 billion, and RMB 225.3 billion for 2026, 2027, and 2028, respectively, with attributable net profits to the parent company estimated at RMB 2.6 billion, RMB 4.0 billion, and RMB 5.5 billion for those years. Cinda Securities maintains its "Buy" rating on the stock.

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