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A new chapter in the US stock market? The financial reports of the 'Seven Sisters' are coming out in succession, with a focus on AI capital expenditures.
Last week, the financial reports of Tesla and Alphabet caused a round of tech stock decline. This week, the US stock market welcomes the financial reports of Mag 7, including Amazon, Apple, Meta, and Microsoft, and the market has already begun to tremble.
CMB International: Maintains Buy rating for BYD Electronic with a target price of HKD 45.28.
Zhaoqing International released a research report stating that it maintains a 'buy' rating on BYD Electronic (00285) and lowers the FY24-26E EPS by 6%, mainly considering the weak gross margin. The bank’s FY24-26E EPS forecast is higher than the consensus estimate by 1%-9%. The current market valuation of the stock is attractive, with a target price of HKD 45.28. BYD Electronic will announce its 1H24 results in August. The bank expects a 32%/26% year-on-year increase in revenue/net income for 1H24, mainly due to the growth of iPad market share, Android business recovery, Jiepu business integration, new energy auto parts business and.
Jabil Insiders Sell US$52m Of Stock, Possibly Signalling Caution