Hong Kong Stock Movement | BYD ELECTRONIC (00285) Falls Over 4% as Institutions Cite Peer Competition May Drag Down Consumer Electronics Sales

Stock News
08/19

BYD ELECTRONIC (00285) dropped over 4%. As of press time, the stock fell 4.16% to HK$37.74, with trading volume reaching HK$776 million.

Bank of America Securities released a research report indicating that starting from the second half of this year, BYD ELECTRONIC faces intense competition from peer Lens Technology in iPhone casing and smartphone assembly businesses, which may drag down already weak consumer electronics sales.

The firm expects that with support from rapid ADAS penetration at parent company BYD Company, BYD ELECTRONIC's automotive business revenue is projected to achieve a compound annual growth rate of 36% from 2024 to 2027, partially offsetting the negative impact. Meanwhile, the firm has lowered BYD ELECTRONIC's earnings forecasts for 2025 to 2027 by 1% to 11% to reflect risks in the smartphone business.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10