Citi Research: Initiate Coverage on Alibaba Pictures (06656.HK) with Target Price of 601 Hong Kong Dollars, Rating "Outperform"

According to the app of Wisdom Finance, CICC released a research report stating that it gives Sinotruk New Energy (06656.HK) a target price of HK$601 and an investment rating of "outperform the market". CICC believes that liquidity is the biggest concern and has distorted the stock price performance. The fundamentals of Sinotruk New Energy remain solid, with annual revenue/profit guidance maintained at 20 billion RMB/4.5-5 billion RMB.