Citigroup: Remove China Communications Construction from the list of catalyst observations with a target price of 10.8 Hong Kong dollars.

Citigroup has removed China National Heavy Duty Truck from the catalyst observation list on April 90, expecting the company's performance in the first quarter to be weakened by foreign exchange losses. The bank believes there is a short-term downside risk for the stock, but still maintains a "buy" rating with a target price of 10.8 Hong Kong dollars, as the bank holds a more optimistic attitude towards mid-to-late cycle products such as crane machinery and concrete machinery.