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<Research>CICC Raises BYD ELECTRONIC (00285.HK) TP to $50, Optimistic about AI Data Center/ Robotics/ Other Biz Layout
Recommend 15 Positive 19 Negative 12 |
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BYD ELECTRONIC (00285.HK)'s 1H25 revenue amounted to RMB80.606 billion, up 2.58% YoY, according to CICC's research report. Net profit attributable to the parent company was RMB1.73 billion, up 13.97% YoY, in line with the broker's expectation. CICC was optimistic about the business layout in AI data centers, robotics and others, and maintained its 2025/ 2026 net profit forecasts for the Company unchanged at RMB4.935 billion/ RMB6.184 billion. The current stock price corresponds to 2025/ 2026 PE ratio of 18.4x/ 14.5x each, with rating kept at Outperform. Considering the upper shift in the industry's valuation pivot, the broker raised its target price for the Company by 7.5% to $50, corresponding to a 2025/ 2026 PE ratio of 20.9x/ 16.4x, offering a 13.4% upside potential from the current share price. AASTOCKS Financial News Website: www.aastocks.com |
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