BOCI Initiates BIREN TECH at Buy with TP HKD74.43
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BOCI has initiated coverage on BIREN TECHwith a Buy rating and a target price of HKD74.43. The report highlights BIREN TECH's position as a leading domestic GPGPU manufacturer, poised to benefit from the growing demand for AI computing power in China. BOCI forecasts a revenue CAGR of 137% from 2025 to 2028, expecting the company to reach breakeven in 2027, driven by the commercialization of next-generation products in 2H26.
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