BOE Varitronix Ltd (HK:0710)
:0710
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BOE Varitronix
(0710)
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Rating:78Outperform
Price Target:
HK$5.50
▲(34.47% Upside)
Action:ReiteratedDate:01/10/26
The score is supported primarily by strong financial performance (solid growth, improving gross margin, and a low-leverage balance sheet) and favorable valuation (low P/E and ~3.43% dividend yield). These positives are tempered by weaker technicals, with the stock trading below key moving averages and only modest momentum signals.
Positive Factors
Revenue Growth
Near-20% revenue growth demonstrates durable demand for BOE Varitronix's displays across end markets. Sustained top-line expansion improves scale economics, supports continued R&D and capacity investment, and underpins longer-term margin and market-share gains.
Negative Factors
Net Margin Compression
Declining net profit margin indicates rising costs or pricing pressure that erodes the benefit of revenue growth. If margin compression persists it will limit reinvestment, reduce free cashflow available for stakeholders and weaken sustainable profitability metrics.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Near-20% revenue growth demonstrates durable demand for BOE Varitronix's displays across end markets. Sustained top-line expansion improves scale economics, supports continued R&D and capacity investment, and underpins longer-term margin and market-share gains.
Read all positive factors
BOE Varitronix (0710) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$3.24B
Dividend Yield3.25%
Average Volume (3M)4.13M
Price to Earnings (P/E)11.7
Beta (1Y)1.28
Revenue Growth19.25%
EPS Growth-10.14%
CountryHK
Employees7,392
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.27
Shares Outstanding791,575,200
10 Day Avg. Volume2,943,239
30 Day Avg. Volume4,125,169
Financial Highlights & Ratios
PEG Ratio-0.82
Price to Book (P/B)1.18
Price to Sales (P/S)0.40
P/FCF Ratio6.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$5.88Price Target Upside43.70% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.61
Revenue Forecast (FY)HK$15.84B
BOE Varitronix Business Overview & Revenue Model
Company Description
BOE Varitronix Limited, an investment holding company, designs, manufactures, and sells liquid crystal display and related products in the People's Republic of China, Europe, the United States, South Korea, and internationally. It primarily provid...
How the Company Makes Money
BOE Varitronix generates revenue through the sale of its display products and components to various industries, including consumer electronics, automotive, and industrial applications. The company's primary revenue streams include direct sales of ...
BOE Varitronix Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.96B | 13.45B | 10.76B | 10.72B | 7.74B | 4.53B |
| Gross Profit | 2.39B | 2.23B | 1.97B | 881.45M | 574.52M | 231.23M |
| EBITDA | 458.99M | 691.12M | 685.23M | 843.21M | 477.61M | 218.89M |
| Net Income | 399.66M | 391.28M | 475.26M | 582.45M | 327.80M | 68.64M |
Balance Sheet | ||||||
| Total Assets | 11.83B | 11.46B | 10.03B | 8.28B | 5.54B | 3.83B |
| Cash, Cash Equivalents and Short-Term Investments | 4.80B | 3.93B | 3.57B | 2.88B | 2.27B | 1.64B |
| Total Debt | 463.41M | 410.69M | 642.00M | 678.99M | 22.55M | 19.43M |
| Total Liabilities | 7.12B | 6.86B | 5.62B | 4.15B | 2.20B | 1.06B |
| Stockholders Equity | 4.66B | 4.54B | 4.35B | 4.06B | 3.03B | 2.71B |
Cash Flow | ||||||
| Free Cash Flow | 1.06B | 888.97M | 677.89M | -368.82M | 439.13M | 221.52M |
| Operating Cash Flow | 1.27B | 1.46B | 1.19B | 811.83M | 690.43M | 277.77M |
| Investing Cash Flow | -1.02B | -1.78B | -224.10M | -1.49B | -140.00K | -10.44M |
| Financing Cash Flow | -357.61M | -430.15M | -263.47M | 1.38B | -69.86M | -215.93M |
BOE Varitronix Technical Analysis
Negative
4.09
Price Trends
4.59
Negative
4.82
Negative
5.44
Negative
Market Momentum
-0.15
Positive
39.91
Neutral
37.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0710, the sentiment is Negative. The current price of 4.09 is below the 20-day moving average (MA) of 4.29, below the 50-day MA of 4.59, and below the 200-day MA of 5.44, indicating a bearish trend. The MACD of -0.15 indicates Positive momentum. The RSI at 39.91 is Neutral, neither overbought nor oversold. The STOCH value of 37.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0710.
BOE Varitronix Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$3.24B | 11.70 | 8.69% | 3.25% | 19.25% | -10.14% | |
69 Neutral | HK$604.67M | 4.24 | 3.60% | 3.73% | 2.10% | ― | |
67 Neutral | HK$2.76B | 1.00 | 93.70% | 46.02% | 12.26% | 2497.49% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | HK$2.88B | 12.09 | 2.88% | 9.26% | 2.59% | 0.23% | |
59 Neutral | HK$9.24B | 6.18 | 9.13% | 3.00% | 17.21% | 166.36% | |
48 Neutral | HK$47.90B | 28.86 | 5.99% | ― | 4.33% | -10.79% |
* Technology Sector Average
HK:0710
BOE Varitronix
4.09
-0.32
-7.28%
HK:1478
Q Technology (Group) Co
7.74
2.09
36.99%
HK:0732
Truly International Holdings
0.97
0.12
14.52%
HK:0259
Yeebo (International Holdings) Limited
2.99
1.35
82.32%
HK:0040
Gold Peak Technology Group Limited
0.67
0.16
31.37%
HK:6088
FIT Hon Teng Limited
6.75
5.04
294.74%
BOE Varitronix Corporate Events
BOE Varitronix Steps Up Share Purchases to Fund Incentive Plan, Signals Confidence in Outlook
Jan 12, 2026
BOE Varitronix has disclosed that, on 12 January 2026, the trustee of its share award plan purchased 500,000 shares on the market, representing 0.063% of its issued share capital, at an average price of HK$4.90 per share and a total consideration ...
BOE Varitronix Extends Connected Procurement Deal with BOE to 2027
Dec 23, 2025
BOE Varitronix has renewed its master framework agreement with its controlling shareholder BOE Technology Group, extending the term of their procurement arrangement by two years to 31 December 2027. Under the renewed framework, the group may conti...
BOE Varitronix Enters Product Processing Agreement with BOE Vietnam
Dec 11, 2025
BOE Varitronix Limited has entered into a Master Product Processing Agreement with BOE Vietnam, effective from December 11, 2025, to December 31, 2027. This agreement allows BOE Vietnam to provide non-exclusive product processing services for manu...
BOE Varitronix Enhances Share Award Plan with Strategic Share Purchase
Nov 20, 2025
BOE Varitronix Limited has announced a share purchase under its Share Award Plan, acquiring 1,003,000 shares at an average price of HK$4.86 per share. This move aims to provide long-term incentives to key participants, aligning their interests wit...
BOE Varitronix Enhances Share Award Plan with Strategic Share Purchase
Nov 19, 2025
BOE Varitronix Limited announced the purchase of 997,000 shares as part of its Share Award Plan, aimed at providing long-term incentives to key participants and aligning their interests with shareholders. This strategic move is expected to enhance...
BOE Varitronix Enhances Share Award Plan with Strategic Share Purchase
Nov 7, 2025
BOE Varitronix Limited announced the purchase of 1,028,000 shares as part of its Share Award Plan, aimed at providing long-term incentives to key participants. This initiative is expected to align participant interests with shareholders, potential...
BOE Varitronix Boosts Shareholder Value with Strategic Share Purchase
Nov 5, 2025
BOE Varitronix Limited announced a share purchase under its Share Award Plan, acquiring 972,000 shares, which represents 0.123% of the total shares in issue. This move is part of a strategy to provide long-term incentives to key participants, alig...
BOE Varitronix Boosts Share Award Plan with New Purchase
Oct 17, 2025
BOE Varitronix Limited announced a recent purchase of 300,000 shares as part of its Share Award Plan, which aims to incentivize and retain key personnel while aligning their interests with shareholders. This strategic move is expected to positivel...
BOE Varitronix Enhances Share Award Plan with Strategic Share Purchase
Oct 13, 2025
BOE Varitronix Limited announced the purchase of 77,000 shares as part of its Share Award Plan, aimed at providing long-term incentives to key participants and aligning their interests with shareholders. This strategic move is expected to positive...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.