Lyon: Reiterate the outperform rating of byd electronic and raise the target price to 40.6 Hong Kong dollars.
Lyon releases a research report stating that it reiterates the outperform rating for byd electronic (00285) in light of the high profit margin of the iPhone casing, slightly raising the profit forecast for byd electronic in the 2024 fiscal year by 1% to 4.36 billion yuan, while also raising its target price from HK$38.4 to HK$40.6. The bank expects a steady performance in the third quarter of the 2024 fiscal year for byd electronic, with net income expected to decline by 3% year-on-year, increasing by 64% sequentially to 1.49 billion yuan (RMB). The bank explains that the expected year-on-year decline is mainly due to the strong performance of the Energy Storage System (ESS) and Android metal casing business segments.
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October 17th (Eastern Time) - $Jabil(JBL.US)$ is trading ex-dividend on November 15th, 2024.Shareholders of record on November 15th, 2024 will receive 0.08 USD dividend per share on December 3rd, 2024
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EST Oct 9th Afternoon Delivery - In the last two hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options
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