＜Research＞UOB Kay Hian Initiates Rating Buy on BYD ELECTRONIC (00285.HK) w/ TP $47.7

　　BYD ELECTRONIC (00285.HK) -0.950 (-2.603%) Short selling $37.05M; Ratio 9.349% is one of the best players in the consumer electronics space to capitalize on the GenAI opportunity, due to its growing position in Apple (AAPL.US) 's supply chain and its longstanding relationship with Android customers, UOB Kay Hian released a research report saying.

　　UOB Kay Hian expected BYD ELECTRONIC's 2024-2026 revenue to grow by 36%/ 7.8%/ 11.2% YoY to RMB177 billion/ RMB190 billion/ RMB212 billion respectively, while gross profit margins are expected to expand to 8.3%/ 9.1%/ 9.4%.

　　Earnings are expected to increase by 24%/ 37.8%/ 20% YoY to RMB5 billion/ RMB6.9 billion/ RMB8.3 billion for the same period, respectively. UOB Kay Hian initiated rating at Buy on BYD ELECTRONIC, with a target price of $47.7.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-05 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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