Citi: Initiates Longcheer Technology (09611.HK) with "Buy" Rating, Target Price HK$24

Zhito Finance APP has learned that Citi issued a research report stating that, according to Frost & Sullivan data, based on 2024 consumer electronics ODM shipment volume, Longqi Technology (09611.HK) is the world's second-largest consumer electronics ODM company; the bank expects the company's revenue and net profit compound annual growth rates from 2025 to 2028 to reach 20% and 34%, respectively, and has initiated coverage with a "Buy" rating and a target price of HK$24.