CMB International Cuts BYD ELECTRONIC (00285) Target Price to HK$43.54, Keeps "Buy" Rating

Stock News

昨天

BYD ELECTRONIC (00285) reported third-quarter revenue in line with expectations, but net profit was impacted by weak smartphone component sales, declining revenue from new smart products, and lower gross margins. However, its new energy vehicle (NEV) business maintained steady growth.

CMB International has lowered its earnings per share (EPS) forecast for BYD ELECTRONIC by 8-14% for 2025-2027 and reduced the target price from HK$47.37 to HK$43.54, while maintaining a "Buy" rating.

Management expects flat revenue and gross margins in Q4, primarily due to weaker iPhone component demand and delays in AI server projects. However, stronger revenue growth is anticipated in 2026, driven by component upgrades, new smart home product launches, premium NEV product expansion, and AI server project shipments.

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

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/1143598534"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1143598534\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1143598534?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-04 10:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1143598534","market":"hk","top_or_hot":-1,"title":"CMB International Cuts BYD ELECTRONIC (00285) Target Price to HK$43.54, Keeps \"Buy\" Rating","media":"Stock News","content":"<p>BYD ELECTRONIC (00285) reported third-quarter revenue in line with expectations, but net profit was impacted by weak smartphone component sales, declining revenue from new smart products, and lower gross margins. However, its new energy vehicle (NEV) business maintained steady growth.</p>\n<p>CMB International has lowered its earnings per share (EPS) forecast for BYD ELECTRONIC by 8-14% for 2025-2027 and reduced the target price from HK$47.37 to HK$43.54, while maintaining a \"Buy\" rating.</p>\n<p>Management expects flat revenue and gross margins in Q4, primarily due to weaker iPhone component demand and delays in AI server projects. However, stronger revenue growth is anticipated in 2026, driven by component upgrades, new smart home product launches, premium NEV product expansion, and AI server project shipments.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CMB International Cuts BYD ELECTRONIC (00285) Target Price to HK$43.54, Keeps \"Buy\" Rating</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCMB International Cuts BYD ELECTRONIC (00285) Target Price to HK$43.54, Keeps \"Buy\" Rating\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2025-11-04 10:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BYD ELECTRONIC (00285) reported third-quarter revenue in line with expectations, but net profit was impacted by weak smartphone component sales, declining revenue from new smart products, and lower gross margins. However, its new energy vehicle (NEV) business maintained steady growth.</p>\n<p>CMB International has lowered its earnings per share (EPS) forecast for BYD ELECTRONIC by 8-14% for 2025-2027 and reduced the target price from HK$47.37 to HK$43.54, while maintaining a \"Buy\" rating.</p>\n<p>Management expects flat revenue and gross margins in Q4, primarily due to weaker iPhone component demand and delays in AI server projects. However, stronger revenue growth is anticipated in 2026, driven by component upgrades, new smart home product launches, premium NEV product expansion, and AI server project shipments.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1149","symbol_name":"通信设备","start_time":0,"source_url":"","article_id":"1143598534","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1143598534","pubTimestamp":1762221984,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"BYD ELECTRONIC (00285) reported third-quarter revenue in line with expectations, but net profit was impacted by weak smartphone component sales, declining revenue from new smart products, and lower...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1149":"通信设备","BK1607":"新IT概念","BK1580":"烟草概念","BK1515":"抗疫概念","BK1582":"深圳本地概念股","LU0348766576.USD":"ALLIANZ LITTLE DRAGONS \"A\" (USD) INC","BK1589":"北水核心资产","BK1504":"苹果概念","LU0274383008.USD":"MANULIFE GF ASIAN SMALL CAP EQUITY \"AA\" (USD) INC","BK1540":"电池","00285":"比亚迪电子","LU0348767384.USD":"ALLIANZLITTLE DRAGONS \"A\" (USD) ACC"},"translate_title":"招银国际下调比亚迪电子(00285)目标价至43.54港元维持“买入”评级","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00285":1},"content_text":"BYD ELECTRONIC (00285) reported third-quarter revenue in line with expectations, but net profit was impacted by weak smartphone component sales, declining revenue from new smart products, and lower gross margins. However, its new energy vehicle (NEV) business maintained steady growth.\nCMB International has lowered its earnings per share (EPS) forecast for BYD ELECTRONIC by 8-14% for 2025-2027 and reduced the target price from HK$47.37 to HK$43.54, while maintaining a \"Buy\" rating.\nManagement expects flat revenue and gross margins in Q4, primarily due to weaker iPhone component demand and delays in AI server projects. However, stronger revenue growth is anticipated in 2026, driven by component upgrades, new smart home product launches, premium NEV product expansion, and AI server project shipments.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"express","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}