CMB International: Lower BYD Electronic's (00285.HK) target price to HK$43.54, maintain "buy" rating.

According to the Wise Finance App, CMB International released a research report stating that the third quarter revenue of BYD Electronics (00285.HK) met expectations, but net profit was impacted by weak performance in the smartphone parts business, declining revenue from new smart products, and a decrease in gross profit margin, while the new energy vehicle business maintained stable growth. The bank has lowered its earnings per share forecast for BYD Electronics for 2025 to 2027 by 8% to 14%, and its target price has been lowered from 47.37 Hong Kong dollars to 43.54 Hong Kong dollars, while maintaining a "buy" rating.