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<Research>BofAS Lifts TIMES ELECTRIC's TP to HKD45 as 3Q Performance Misses
Recommend 4 Positive 3 Negative 2 |
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According to BofA Securities' research report, TIMES ELECTRIC (03898.HK) (688187.SH)'s 3Q25 revenue grew by 10% YoY but dropped by 14% QoQ to RMB6.6 billion, 3% lower than the broker's expectations, mainly due to lower-than-expected revenue from the rail equipment business. TIMES ELECTRIC also logged an increase of 8% YoY or 1% QoQ in net profit to RMB1 billion, 11% lower than the broker's expectations, attributable to reduced government subsidies. BofA Securities lifted its target price for TIMES ELECTRIC from HKD43 to HKD45 and reiterated the Neutral rating. AAStocks Financial News |
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