[ET Net News Agency, 27 October 2020] Morgan Stanley raised its target price for BYD
Electronic (BYDE) (00285) to HK$26 from HK$22 but downgraded its rating to "underweight"
from "equal-weight".
The research house believes BYDE's key earnings sensitivity lies in profit from mask,
which contributed 50% of profit in 2020. Morgan doesn't believe profit from mask is
sustainable into 2021.
Morgan is also less optimistic about profitability from iPad assembly, as the yield rate
could be challenging initially. It raised its earnings estimate for 2020/21/22 by
34%/32%/23%, respectively, mainly to factor in higher mask contribution from 2020-22. (KL)
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Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00285 BYD ELECTRONIC
Nominal 
26.600 -0.200 (-0.746%) Research Report
27/10/2020 17:48
{I-bank focus}Morgan raises BYD Electronic (00285) to HK$26
| Remark: | Real time quote last updated: 30/04/2024 17:59 |
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