Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00285 BYD ELECTRONIC
RTNominal up24.350 +0.300 (+1.247%)
Others

22/10/2019 15:03

{I-bank focus}Morgan ups BYD Electronic (00285) to HK$9.5

[ET Net News Agency, 22 October 2019] Morgan Stanley upped its target price for BYD
Electronic (00285) to HK$9.5 from HK$8 and maintained its "underweight" rating.
The research house believes metal casing revenue will decline as smartphone OEMs choose
other materials such as glass and intense competition makes BYDE's metal casing gross
margin (GM) hard to recover.
Morgan estimated BYDE's metal casing revenue will decline 8% in 2H, despite the
company's share gain in the metal casing market. Smartphone OEMs are turning to plastic
and glass back casings for smartphones. GM is therefore improving slightly from the high
teens in 1H, but still below 20% in 2H - it estimated utilization rate is not full for CNC
(computer numerical control) machines. As such, Morgan estimated 3Q net profit of Rm350mn,
with a sequential recovery in 4Q. (KL)

Back to Others

Remark: Real time quote last updated: 24/04/2024 17:56
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.