Citigroup: Major shareholder increases stake to boost confidence + attractive dividend yield, maintains "buy" rating for China Hongqiao.

Citigroup released a research report pointing out that the major shareholder of China Hongqiao Group recently increased their stake in the company with substantial capital, coupled with high dividend expectations. This is expected to inject confidence into the market and continue to be optimistic about the company's future performance. Citigroup maintains a "buy" rating on China Hongqiao with a target price of HK$48.