Western Securities initiates coverage on Botai CheLian (02889.HK) with a "Buy" rating: A smart cockpit leader positioned in the premiumization track, plans to acquire Chengdu Mingyi to enter the optical communication electrical chip track.

Zhitong Finance APP has learned that recently, Western Securities released an in-depth research report initiating coverage on Pateo Connect (02889.HK), assigning a "Buy" rating. The report estimates that the company's operating revenue for 2026-2028 will be 6.030 billion yuan, 8.487 billion yuan, and 11.074 billion yuan, respectively, with year-on-year growth rates of 71.8%, 40.7%, and 30.5%, respectively.