CLSA Cuts BYD ELECTRONIC (00285) Target Price to HK$48, Keeps "Outperform" Rating

Stock News

Oct 31

CLSA released a research report stating that BYD ELECTRONIC's (00285) Q3 and Q4 2025 performance will be impacted by material changes in metal casings for a U.S. client and slower growth in BYD auto shipments. However, the firm expects its metal casing business to see strong growth in 2026, driven by foldable titanium alloy smartphone casings, while liquid cooling systems and high-voltage DC modules will drive breakthroughs in its AI server business. CLSA believes BYD ELECTRONIC will achieve sustainable growth through multiple drivers. It maintains an "Outperform" rating but lowers 2025–2027 profit forecasts by 8%, 9%, and 10%, respectively, reducing the target price from HK$52.9 to HK$48.

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However, the firm expects its metal casing business to see strong growth in 2026, driven by foldable titanium alloy smartphone casings, while liquid cooling systems and high-voltage DC modules will drive breakthroughs in its AI server business. CLSA believes BYD ELECTRONIC will achieve sustainable growth through multiple drivers. It maintains an \"Outperform\" rating but lowers 2025–2027 profit forecasts by 8%, 9%, and 10%, respectively, reducing the target price from HK$52.9 to HK$48.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1589","symbol_name":"北水核心资产","start_time":0,"source_url":"","article_id":"1151813578","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1151813578","pubTimestamp":1761881770,"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":"CLSA released a research report stating that BYD ELECTRONIC's (00285) Q3 and Q4 2025 performance will be impacted by material changes in metal casings for a U.S. client and slower growth in BYD auto...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1589":"北水核心资产","LU0348766576.USD":"ALLIANZ LITTLE DRAGONS \"A\" (USD) INC","00285":"比亚迪电子","BK1582":"深圳本地概念股","BK1515":"抗疫概念","BK1580":"烟草概念","BK1540":"电池","BK1504":"苹果概念","LU0348767384.USD":"ALLIANZLITTLE DRAGONS \"A\" (USD) ACC","BK1149":"通信设备","BK1607":"新IT概念","LU0274383008.USD":"MANULIFE GF ASIAN SMALL CAP EQUITY \"AA\" (USD) INC"},"translate_title":"里昂证券下调比亚迪电子(00285)目标价至48港元维持“跑赢大市”评级","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00285":1},"content_text":"CLSA released a research report stating that BYD ELECTRONIC's (00285) Q3 and Q4 2025 performance will be impacted by material changes in metal casings for a U.S. client and slower growth in BYD auto shipments. 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