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<Research>CLSA Initiates Coverage on BIREN TECH w/ Rating Outperform & TP HKD46.3
Recommend 9 Positive 11 Negative 6 |
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CLSA has published a research report initiating coverage on BIREN TECH (06082.HK) with an Outperform rating and a target price of HKD46.3. The report highlighted BIREN TECH's position as a leading provider of general intelligent computing solutions in China. The company is poised to benefit from the robust AI capital expenditure growth of China's ultra-large-scale enterprises and the favorable policies that aim to further drive up the demand for domestic AI chips. CLSA estimated a CAGR of 151% for BIREN TECH's revenue in FY25-27. It is also likely that BIREN TECH will achieve profitability by 2027, with net profit expected to reach RMB1.3 billion. AAStocks Financial News |
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