BYDIF - BYD Electronic: Back On The Path Of Growth
Elevator Pitch
Hong Kong-listed Chinese electronics manufacturing services or EMS provider BYD Electronic (International) Company Limited (OTCPK:BYDIF) (OTC:BYDIY) [285:HK] currently trades at 15.0 times consensus forward FY2020 P/E which represents a premium to its historical five-year average forward P/E of approximately 12 times. The stock also offers a consensus forward FY2020 dividend yield of 1.4%. BYD Electronic's share price is up +47% and +78% (excluding dividends) for the past three months and one year respectively, after it delivered a strong set of results for 3Q2019 after reporting disappointing earnings for 1H2019.