[ET Net News Agency, 15 September 2021] Citi lowered its target price for BYD
Electronic (00285) to HK$46 from HK$49 and maintained its "buy" rating.
The research house said it cuts its 2021E earnings forecast (-25%) to factor in weaker
than expected business progress and its 2022E-2023E forecast (-18%) on more conservative
growth assumptions. (RC)