HK Stock Market Move | BOE VARITRONIX (00710) up nearly 6% Again, the company plans to expand its overseas business. Citigroup is optimistic about market share growth and gross margin recovery.

BOE VARITRONIX (00710) rose nearly 6%, rising to 4.79% at the time of publication, reaching 7 Hong Kong dollars with a trading volume of 15.8544 million Hong Kong dollars. In terms of news, BOE VARITRONIX, a subsidiary of BOE, recently showcased over 60 innovative technology products and a variety of IoT scene technology solutions at CES, and also announced the "HERO" plan for applications in the era of smart cars. Su Ning, Vice President of BOE Technology Group and CEO of BOE VARITRONIX, revealed that last year, overseas revenue accounted for 42% of BOE VARITRONIX's total revenue, and they plan to increase this to 50% in the future. Citi released a research report stating that looking ahead to 2025, with the acceleration of the trend towards smart cabins, the demand for automotive displays is expected to remain strong. The utilization rate of the Chengdu factory is expected to reach 70 to 80% by the end of 2025, supporting financial performance improvement. Citi raised the target price of BOE VARITRONIX from 5.6 Hong Kong dollars to 8.5 Hong Kong dollars, maintaining a "buy" rating.