CICC: Maintain BYD Electronic (00285.HK) Outperform rating, raise target price to 50 Hong Kong dollars.

Intelligent Financial News App learned that CICC released a research report stating that it maintains its forecast for BYD Electronic (00285.HK) with a net profit of 4.935 billion yuan/6.184 billion yuan for 2025/2026. The current stock prices correspond to P/E ratios of 18.4 times/14.5 times for 2025/2026. It maintains an outperform industry rating, considering the upward shift in industry valuation, and raises the company's target price by 7.5% to 50 Hong Kong dollars, corresponding to P/E ratios of 20.9 times/16.4 times for 2025/2026, with a potential upside of 13.4% from the current stock price.