Quarterly strong performance in company profits reflects the good synergistic effects of the recently acquired metal casing business in the peak season.
Zhixun Finance and Economics APP learned that Daiwa Securities released a research report stating that BYD Electronic (00285) saw a 70% quarterly increase in net profit in the third quarter due to the peak season and good synergistic effects, with a low base that should support accelerated year-on-year growth for the next two to three quarters. The bank believes that the strong quarterly performance in company profits reflects the good synergistic effects of the recently acquired metal casing business in the peak season. Reiterate the stock's 'shareholding' rating with a target price of HK$50.