DBS: Initiates coverage on Biren Technology (06082.HK) with "Buy" rating; expects turnaround in FY2027

Zhitong Finance APP has learned that DBS released a research report stating it has initiated coverage on Biren Technology (06082.HK) with a "Buy" rating and a target price of HK$54.46, noting that the company is a pure-play full-stack GPGPU platform whose business covers chips, the BIRENSUPA software stack, and supernode systems, and has secured domestic foundry capacity; the bank believes the company is currently at an inflection point for the localization of AI computing power in China, and expects fiscal year 2027 to be the company's profitability inflection point.