BYD Electronic to Join Hong Kong's Benchmark Index

BYD Electronic International Co will be added to Hong Kong's Hang Seng Index following its latest quarterly review, according to a statement. Country Garden Services Holdings Co will be removed from the measure.

The Edge MarketsMay 17 08:38 ET

Hang Seng Index Company: BYD Electronics (00285) was included in the Hang Seng Index ESG Enhancement Index

Zhitong Finance App learned that on May 17, Hang Seng Index Co., Ltd. announced the quarterly index review results for the Hang Seng Index ESG Enhanced Index, Hang Seng Index ESG Enhanced Selected Index and Hang Seng Index ESG Enhanced Index as of March 31, 2024. The changes will take effect on June 11, 2024 (Tuesday). Among them, BYD Electronics (00285) will be included in the Hang Seng Index ESG Enhancement Index, Country Garden Services (06098) will be excluded, and the number of constituent stocks will remain at 70. The number of constituent stocks in the Hang Seng Index ESG Enhanced Select Index will remain at 67, and BYD Electronics (00285) will be selected

Zhitong FinanceMay 17 06:34 ET

[Hong Kong Stock Connect] BYD Electronics (00285) rose 3.6%, Citi expects it to benefit from Apple's new product cycle

Jinwu Financial News | The stock price of BYD Electronics (00285) reversed the market in early trading. As of press release, it was HK$34.3, up 3.63%, with a turnover of HK$656.587 million. According to the news, Citi published a report stating that Apple (AAPL) has released next-generation tablets iPad Air and iPad Pro, and has already accepted pre-orders and went on sale on Wednesday (15th). This line indicates that the iPad Pro product specifications have been significantly upgraded, using Apple's most powerful M4 chip and a laminated OLED screen. Since the company did not launch a new iPad last year, it is expected that the new product will trigger the product cycle.

金吾財訊May 12 21:36 ET

Major Bank Ratings | DBS: Lowering the target price of BYD Electronics to HK$34, the automotive electronics business is on the rise

According to a research report released by DBS, the target price of BYD Electronics was reduced from HK$38 to HK$34, which is equivalent to 14 times the predicted price-earnings ratio. This is the historical average. The profit forecast for this year and next two years was lowered by 9% and 3% to reflect the pressure on gross profit due to increased smartphone contributions. The bank pointed out that BYD Electronics directly benefits from the parent company, BYD's NEV sales. It is expected that this year and next two years, BYD's NEV sales will increase by 24% and 18% year-on-year, and that the value of electronic components for each electric vehicle will increase by 30% and 23%, respectively. The automotive electronics division's revenue is expected to increase 62%, 53% and 52% from this year to 2026

Gelonghui FinanceMay 10 23:27 ET

BYD's Sodium Battery Joint Venture Formed

The joint venture is 51 percent owned by BYD's battery unit FinDreams, with local conglomerate Huaihai holding the remaining 49 percent. The post BYD's sodium battery joint venture formed appeared first on CnEVPost. For more articles, please visit CnEVPost.

CnEVPostMay 9 02:42 ET

Apple concept stocks rose collectively, Qiu Titanium Technology (01478) rose 4.86%, China Merchants Securities predicts that Apple's non-mobile products are expected to grow this year

Jinwu Financial News | Apple concept stocks rose collectively. BYD Electronics (00285) rose 6.66%, Qiu Titanium Technology (01478) rose 4.86%, Shunyu Optical Technology (02382) rose 3.08%, Tongda Group (00698) rose 2.47%, and Fuzhikang Group (02038) rose 2.38%. Apple held a press conference at 10 p.m. on May 7. It mainly upgraded the iPad product line. The new iPad Pro brought many innovations, and also released the M4 chip's AI performance upgrade. In addition, it also announced the new iPad Air and lowered the iPad 10 price

金吾財訊May 8 22:51 ET