该行指出，对于海外市场，管理层表示日本/韩国/欧洲定点项目在FY25-26E推进中，并重申了2027年预计海外市场收入占比有望达到50%。考虑到2025年下半年利润率回升和海外市场扩张迅速，认为该股具有吸引力。BOE Precision Electronics (00710) rose more than 5% at the end of the session. As of press release, it was up 5.59% to HK$5.86, with a turnover of HK$23.3528 million.
The Zhitong Finance App learned that BOE Precision (00710) rose more than 5% at the end of the session. As of press release, it had risen 5.59% to HK$5.86, with a turnover of HK$23.3528 million.
CMB International released a research report saying that BOE Precision's management said in a conference call that domestic and foreign market demand continues to recover, and the system business is growing rapidly in 2H24E. As for the Chengdu plant, management directed UTR to be raised to 70-80% in the short term (currently 60-70%), mainly due to an increase in orders and a continued increase in sales in the second half of 2024.
The bank pointed out that with regard to overseas markets, management stated that Japan/Korea/Europe targeted projects are being promoted in FY25-26E, and reiterated that overseas markets are expected to account for 50% of revenue in 2027. Considering the recovery in profit margins in the second half of 2025 and the rapid expansion of overseas markets, the stock is considered attractive.
