2024-02-12 16:56:20 ET
Summary
- BYD Electronic (International) Company Limited's earnings are estimated to have expanded by +116% in FY 2023 as per the company's preliminary financial numbers.
- The company has the potential to generate higher sales from Apple in the future by leveraging on the recent purchase of Jabil's manufacturing assets in China.
- I raise my rating for BYD Electronic to a Buy after reviewing its preliminary results and assessing its latest M&A deal.
Elevator Pitch
I have a Buy investment rating for BYD Electronic (International) Company Limited ( BYDIF ) (BYDIY) [285:HK]. Previously, I touched on the risk relating to the company's customer concentration, and BYDIF's efforts to diversify its client mix in my June 1, 2020 article ....
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BYD Electronic: Preliminary Results And Major Acquisition Draw Attention (Upgrade)