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00285 BYD ELECTRONIC
RTNominal up25.950 +0.150 (+0.581%)
Others

24/09/2018 14:46

[I-bank focus]Citi upgrades BYD Electronic (00285) to HK$15

[ET Net News Agency, 24 September 2018] Citi Research raised its target price for BYD
Electronic (00285) to HK$15 from HK$14, and upgraded its rating to "buy" from "sell".
The research house sees a stabilized margin in the metal casing business and emerging
opportunities such as 3D glass casing, Apple peripheral products and infotainment systems
for automotive.
Citi anticipates BYDE to be benefit from smartphone industry consolidation and spec
upgrades, particularly the 3D glass for Android and new material adoption for Apple
Watch. It believes BYDE has become the major supplier for Vivo, Huawei and Xiaomi flagship
models in 2018 and might have chance to supply Samsung in 2019.
Citi revised up its 2018/19 EPS by 3% and 30%. (KL)

Remark: Real time quote last updated: 19/09/2024 17:28
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