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Shares of Companies Within the Broader Technology Sector Are Trading Higher in Sympathy With Overall Market Strength After Donald Trump Was Elected President of the United States.
Express News | Shares of Companies Within the Broader Technology Sector Are Trading Higher in Sympathy With Overall Market Strength After Donald Trump Was Elected President of the United States
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CICC: Raises byd electronic's target price to 38.2 Hong Kong dollars, maintains 'Outperform industry' rating.
CICC released a research report stating that considering the industry valuation center moving up, the target price of BYD Electronic (00285) was raised by 6.1% to 38.2 Hong Kong dollars, corresponding to PE ratios of 17.2 and 12.8 times for the next two years. Maintaining an "outperform" rating. The bank expressed interest in the development of the group's datacenter business, bullish on the collaboration with NVIDIA, and accelerating its AI-related expansion pace. The bank pointed out that BYD Electronic's performance in the third quarter of this year met expectations. Benefiting from strong demand from overseas customer Jabil and sales growth of the group's parent company, the group's third-quarter revenue increased by 21.08% year-on-year, achieving historical high.
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