The Zhitong Finance App learned that the net profit of BYD Electronics (00285.HK) in the second quarter fell 64% year on year, compared to the first quarter, down 96% year on year. The bank believes that as the peak season for major customers approaches and the production capacity of liquid cooling products gradually increases, the quarterly results for the second half of the year are likely to improve. As BYD Electronics announced its interim results, Damo lowered the company's profit forecast for this year by 68%, and the target price was lowered from HK$39 to HK$33, renewing the “Overweight” rating.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that the net profit of BYD Electronics (00285.HK) in the second quarter fell 64% year on year, compared to the first quarter, down 96% year on year. The bank believes that as the peak season for major customers approaches and the production capacity of liquid cooling products gradually increases, the quarterly results for the second half of the year are likely to improve. As BYD Electronics announced its interim results, Damo lowered the company's profit forecast for this year by 68%, and the target price was lowered from HK$39 to HK$33, renewing the “Overweight” rating.
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