On September 4, BYD ELECTRONIC rose 3.28% in regular trading, trading at HK$25.72 per share, with turnover of approximately HK$34.70 million, reversing two consecutive sessions of decline.

On the news front, Citi recently upgraded BYD ELECTRONIC to \"Neutral\" from its previous rating, raising the target price to HK$28. Meanwhile, Morgan Stanley, despite slashing its full-year earnings forecast by 68% and cutting its target price from HK$39 to HK$33, maintained an \"Overweight\" rating, citing expectations that quarterly performance should improve in the second half as key clients enter peak season and liquid-cooling product capacity ramps up. DBS Bank also raised its target price to HK$40.

The upgrades come after the company disclosed weak interim results on August 28, reporting first-half revenue of RMB 82.234 billion, up just 2.02% year-over-year, while attributable profit plunged 75.35% to RMB 426 million. Gross margin contracted from 6.88% to 4.91%, dragged by product mix shifts and foreign exchange losses, while AI computing infrastructure revenue declined 10.57% year-over-year.

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