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<Research>G Sachs: New Foldable Phones Drive BYD ELECTRONIC (00285.HK) Growth; Rating Reiterated at Buy
Recommend 10 Positive 22 Negative 10 |
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BYD ELECTRONIC (00285.HK)'s management expected the upcoming new foldable phones from its major brand client to offer higher unit value compared to previous models, which is likely to support the Company's future growth, Goldman Sachs released a research report saying. Meanwhile, the management remained optimistic about the AI infrastructure cycle, and is seeking opportunities among global and local clients. Therefore, the broker maintained a positive view on BYD ELECTRONIC's strategy of focusing on leading clients and expanding its product line into AI infrastructure, and reiterated rating at Buy, with a target price of $53.08. AASTOCKS Financial News Website: www.aastocks.com |
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