Goldman Sachs: New Foldable Phone Drives BYD ELECTRONIC (00285) Growth, Reiterates "Buy" Rating

Stock News01-20 17:50

Goldman Sachs released a research report stating that the management of BYD ELECTRONIC (00285) anticipates that a major brand client's upcoming new foldable phone model will contribute a higher unit value compared to previous versions, which is expected to support the company's future growth. Concurrently, management remains optimistic about the AI infrastructure cycle and is actively pursuing opportunities with both global and local clients. Furthermore, BYD ELECTRONIC's management expects shipment volumes for its automotive components business to rise in 2026, with accelerated growth in suspension system shipments and the penetration of ADAS systems into more economy vehicle models. The investment bank maintains a positive view on BYD ELECTRONIC's strategy of focusing on leading clients and its expansion of product lines into AI infrastructure, reiterating a "Buy" rating with a target price of HK$53.08.

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