B · Normal
[BOCI: The trough of BYD Electronics’ consumer electronics and the heavy volume of AI infrastructure mark a good entry point, and the “buy” rating is reiterated] On November 2, Bank of China International issued a research report stating that the trough of BYD Electronics’ consumer electronics and the heavy volume of AI infrastructure mark a good entry point. It reiterated its “buy” rating with a target price of HK$33.7, based on a price-to-earnings ratio of 15 times 2027 earnings per share. BYD Electronics' third-quarter 2026 results were lower than expected due to weak smartphones. Revenue increased by 6% year-on-year, while gross profit and net profit fell by 31% and 61% year-on-year respectively.
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