Glonghui, March 24, 丨 Lyon published a report saying that BOE Precision Electronics (0710.HK)'s revenue rose 39% year on year last year, while net profit rose 78% year on year, in line with profit expectations, mainly driven by strong increases in shipment volume. The company anticipates continued revenue growth and is focused on gaining global market share. However, based on the price war in the mainland NEV market, the company's profits may come under pressure. The bank lowered the company's net profit forecasts for this year and next year by 6% and 9% respectively, and lowered its target price from HK$20.4 to HK$19, maintaining its rating as “buy.” The stock is currently reported at HK$1,418, with a total market value of HK$11.2 billion.
大行评级 | 里昂：下调京东方精电目标价至19港元 评级“买入”
Big Bank Ratings | Lyon: BOE Precision Electronics Target Price Lowered to HK$19 Rating “Buy”
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