On June 9, BYD Electronic fell 3.3% in regular trading, trading at 26.32 HKD/share, with trading volume of HKD 104 million, extending its recent downtrend.

On the news front, Citibank recently cut BYD Electronic's target price to 22.6 HKD and assigned a Sell rating, implying approximately 18% further downside from the current level. The report highlighted that Q1 revenue of RMB 38.2 billion declined 32% quarter-over-quarter, far exceeding the five-year average seasonal decline of 16%, driven by iPhone seasonality and Android business weakness. Gross margin fell 1.1 percentage points year-over-year to 5.2%. Additionally, Bank of America and BOCI also lowered their target prices to 31.5 HKD and 38.7 HKD respectively, reflecting broad institutional caution toward near-term consumer electronics prospects.

Management guided for flat full-year revenue, with Android EMS business declining year-over-year. Although the company has expanded into AI server manufacturing, the new business revenue scale remains limited and is unlikely to offset the drag from traditional consumer electronics weakness in the short term.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)