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19827 JPBYDEI@EC2504A (CALL)
RT Nominal unchange0.061 0.000 (0.000%)

02/05/2024 14:30

{I-bank focus}Citi lowers BYD Electronic (00285) to HKD39

[ET Net News Agency, 2 May 2024] Citi lowered the target price for BYD Electronic
(00285) to HKD39 from HKD47 and maintained the "buy" rating.
The research house said incorporating 1Q24 results, it cuts 2024/25/26E by 18%/13%/11%
as it expects GPM improvement will be milder and factors in the intangible assets
amortization impact. (rc)

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