BYD Electronic Could See Earnings Inflection in 2027
Dow Jones
Sep 03
0315 GMT - BYD Electronic could see an earnings inflection in 2027 thanks to areas such as liquid cooling and high-voltage power, says DBS Group Research's Jim Hin Kwong Au in a note. Artificial-intelligence infrastructure is likely to remain the main growth driver for the Chinese electric-component maker, he says. Its cold-plate project has ramped up mass production, the analyst says, noting the company is a core supplier of liquid cooling components for Nvidia. Power products are also likely to boost earnings, with BYDE using high-voltage technologies developed from its automotive business to target certain power architecture, he adds. DBS raises its target price to 40.00 Hong Kong dollars from HK$30.00 and maintains a buy rating. Shares decline 0.85% to HK$25.58.
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