比亚迪电子近日利好消息不断，其长沙比亚迪电子二期项目11月30日(正式投产，预计可新增智能终端年产量1000万台。此外，其母公司比亚迪(1211)已组装逾三成苹果iPad，有逾10万员工负责「果链」业务，市场估计苹果配备屏幕HomePod明年量产，出货50万部，比亚迪电子将成独家组装厂商，预期将显着受益于苹果新产品。除苹果外，小米、华为亦是比亚迪的两大个客户，亦有与三星合作，为三星的部分折叠屏手机提供和折叠铰链相关的零部件。公司目前亦已成为英伟达(NVDA.US)在数据中心领域合作伙伴。相信随着捷普科技整合、AI智能手机热潮加速换机周期、母企比亚迪新车型上市等带动下，比亚迪电子进入消费电子旺季，将成为其新的增长动能。公司强劲的增长势头可延续至第四季，亦对明年经营前景保持乐观，仍有能力实现盈利增长。目标价$45，止蚀价$31。Jinwu Financial News | The Hang Seng Index closed at 19865 on Friday (6th), rising 305 points or 1.6%. The market traded 162.785 billion yuan throughout the day. The national index rose 1.7% to 7136; the index rose 2.2% to 4464. Biotech stocks boosted as a whole. Yao Ming Kangde (02359) surged 9.2%. In order to be the best performing blue chip, it surged 16.1% this week. It is also the best-performing Hang Seng Index component stock this week. After Bitcoin broke through 0.1 million dollars, it surged higher and retreated overnight. It once rushed to around 0.091 million dollars, the latest price was around 0.098 million dollars. Bitcoin ETF fell, and Huaxia Bitcoin (03042) fell 4.1%;
The Dow closed at 44,642 points on Friday (6th), down 123 points, or 0.28%. The index rose 0.25% to 6090 points; the NASDAQ rose 0.81% to 19859 points; among individual stock performance, Tesla (Tesla), Meta and Amazon stock prices closed up 5.3%, 2.4%, and 2.9%, respectively. Amazon was the strongest performing Dow component. Yoga clothing brand Lululemon's performance beat expectations, and its stock price surged 15.9%. Underwear brand Victoria's Secret raised its performance outlook, and its stock price also increased by 11.6%. The Asia-Pacific stock market moved individually this morning (9th). The Nikkei 225 Index now reports 39,121 points, up 30 points, or 0.08%. The South Korea Composite Index is currently at 2,396 points, down 32 points, or 1.32%. The bottom of the Hong Kong stock market is also beginning to show signs of improvement, and the Hang Seng Index is expected to gradually improve.
Market Focus: BYD Electronics (00285)
There has been continuous positive news from BYD Electronics recently. The second phase of its Changsha BYD Electronics project was officially put into operation on November 30, and it is expected to increase the annual output of 10 million smart terminals. In addition, its parent company, BYD (1211), has assembled more than 30% of Apple iPads, and has more than 0.1 million employees responsible for the “fruit chain” business. The market estimates that Apple HomePod with a screen will be mass-produced next year and 0.5 million units will be shipped. BYD Electronics will become the exclusive assembly manufacturer, which is expected to significantly benefit from new Apple products. In addition to Apple, Xiaomi and Huawei are two major customers of BYD. They are also cooperating with Samsung to provide parts related to folding hinges for some Samsung folding screen phones. The company is now also a partner of Nvidia (NVDA.US) in the data center field. It is believed that with the integration of Jeep Technology, the AI smartphone boom, the acceleration of the switching cycle, and the launch of new models by parent company BYD, BYD Electronics enters the peak consumer electronics season and will become a new driving force for its growth. The company's strong growth momentum can continue into the fourth quarter. It also remains optimistic about next year's operating prospects, and is still capable of achieving profitable growth. Target price is $45, stop loss price is $31.
(The author is a licensed person of the Securities Regulatory Commission and the author does not hold the above shares)
Author: Dr. Tang Sheng-hing, Chairman of the Hong Kong Association of Equities Analysts
