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.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","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":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","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/hant/news/1143598534"},"companyName":"老虎證券"},"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_TW&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: 12.5px; color: #7E829C; margin: 0;}\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<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\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 smaller\">2025-11-04 10:06</p>\n</div>\n</a>\n</h4>\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</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1149","symbol_name":"通信設備","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"}}}