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Morgan Stanley expected that the share price of BYD ELECTRONIC (00285.HK)  +0.650 (+9.003%)    Short selling $37.81M; Ratio 44.766%   will rise in 15 days, with a possibility of 60% to 70%. The expected increase was due to the attractive valuation in near-term after the recent sharp decline. The stock is trading at PE of 9.6x, compared with 10x to 14x in the past profit growth periods.

The share price of BYD Electronics was corrected by approximately 30% from its peak on 8 October, as dragged down by the intensive competition in metal casings and negative news of its parent company.

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