Citigroup: Initiates extreme rabbit express (01519) with a "buy" rating, target price of HK$8.3.

Citigroup released a research report, for the first time covering Extreme Rabbit Express (01519), giving it a "buy" rating with a target price of 8.3 Hong Kong dollars. The investment thesis is based on the company's strong execution since its establishment in 2015; its advantageous position in capturing the global expansion trend of Chinese electronic communication operators; profit growth driven by profitability in the Chinese market and expansion in new markets; and its unique regional sponsor model.