Source: Company data, Bloomberg, CMBIGM estimates 27 Feb 2026 CMB International Global Markets | Equity Research | Company Update BOE Varitronix (710 HK) BOE Varitronix (710 HK) - 2025 new plant profitability 2025 preview: near-term earnings dragged by pricing pressure and new plant profitability BOEVx will report 2H25/FY25E results in mid-March, and we estimate FY25E revenue/net profit of HK$14,533mn/378mn (+8%/-3% YoY), implying 2H25E revenue/net profit of HK$7,863mn/198mn (+8%/-10% YoY), with profit main ...