Citi gives Jinan Machine Tool (01651.HK) a "Buy" rating with a target price of HKD 72.

According to the Zhito Finance APP, Citibank has released a research report covering Jinshang Machine Tool China (01651.HK) for the first time, assigning a "Buy/High Risk" rating with a target price of HKD 72. The company is expected to benefit from strong growth in capital expenditures in the electronic and AI liquid cooling industries. These two sectors together account for about 40% of new orders, surpassing the automotive industry, which is less than 30%. Additionally, the bank anticipates that humanoid robots may become the next significant growth driver, with current order contributions at only about 2%. Furthermore, the stock is likely to be included in the Hong Kong Stock Connect, which could also serve as a short-term positive catalyst.