HK Stock Market Move | BOE VARITRONIX (00710) is now up more than 4%. The strong demand for automotive displays, with the production capacity utilization rate of the Chengdu factory expected to reach 70% by the end of the year.

16/01/2025

BOE Varitronix Limited (00710) is currently up more than 4%, as of the deadline for submission, it is up 3.68%, trading at 6.48 Hong Kong dollars, with a turnover of 20.54 million Hong Kong dollars.

BOE VARITRONIX (00710) is now up more than 4%, as of the time of writing, it is up 3.68% at HKD 6.48, with a trading volume of HKD 20.54 million. Citibank has released a research report stating that it has raised BOE VARITRONIX's target price from HKD 5.6 to HKD 8.5. The company's strategy of focusing on the top ten auto original equipment manufacturers in the mainland in the second half of last year and in 2025 will continue to drive market share growth. Additionally, gross profit recovery is expected, as the stable increase in production at the Chengdu factory and the reduction in inventory depreciation impacts are expected to improve gross profit margin. The bank stated that looking ahead to 2025, with the acceleration of the trend towards intelligent cockpits, it is expected that demand for automotive displays will remain strong. The bank forecasts that the utilization rate of the Chengdu factory's production capacity could reach 70% to 80% by the end of 2025, supporting the improvement of financial performance. The bank maintains a "buy" rating.

HK Stock Market Move | CHANJET (01588) increased by over 14%, controlling shareholders reduced their holdings to release liquidity, and the cloud subscription model has become the mainstay.

HK Stock Market Move | CHINA EDU GROUP (00839) up more than 15%, education sector welcomes policy boost, the company is the largest private higher education group in China.

HK Stock Market Move | Concept stocks related to artificial intelligence saw their gains expand in the afternoon. The Hong Kong policy address mentioned artificial intelligence multiple times, and institutions are optimistic about the continued acceleration of the implementation of AI applications.

HK Stock Market Move | CHANJET (01588) increased by over 14%, controlling shareholders reduced their holdings to release liquidity, and the cloud subscription model has become the mainstay.

HK Stock Market Move | CHINA EDU GROUP (00839) up more than 15%, education sector welcomes policy boost, the company is the largest private higher education group in China.