Movement Alert|LINGYI ITECH Rises 3.25% in Regular Trading, Citibank Initiates Coverage with Buy Rating and HK$8 Target

Market Focus
08/13

On August 13, LINGYI ITECH rose 3.25% in regular trading, trading at HK$6.345/share, with turnover of approximately HK$27.56 million.

On the news front, Citibank recently initiated coverage on LINGYI ITECH with a \"Buy\" rating, setting an A-share target price of RMB 13.00 and an H-share target price of HK$8.00, implying approximately 26% upside from the current share price. Citi projects the company will deliver revenue and net profit compound annual growth rates of 23% and 33% respectively over 2025-2028, driven by iOS product value enhancement, contributions from subsidiary Readore (Liminda) in liquid cooling, expansion of robotics operations, and incremental edge AI device demand.

Key catalysts identified include the launch of iPhone 18 foldable, Vera Rubin platform certification, and increasing robotics orders. The company has also been actively executing share buybacks, having repurchased 32.38 million A-shares totaling RMB 439 million as of July 31, and recently doubled its buyback ceiling to RMB 800 million supported by a RMB 360 million dedicated loan facility from ICBC.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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