Daiwa: Raises Biren Technology (06082.HK) target price to HK$130, reiterates "Buy" rating.

Zhito Finance APP has learned that Daiwa issued a research report, raising the target price of Biren Technology (06082.HK) from HK$100 to HK$130, reiterating a "Buy" rating, corresponding to a 2027 forecast price-to-sales ratio of approximately 15x. Company management recently raised its 2027 revenue guidance from RMB 10 billion to RMB 20 billion. The bank believes this is due to the recent increase in average selling prices of mainstream AI chips in the Chinese market, as well as changes in product mix that increased the revenue contribution of the super-pod solution, reflecting the company's confidence in the subsequent development of its flagship chip BR20x and its ability to secure customer orders.