Citigroup: Recent strong performance and share buybacks by Lanqi Technology (06809.HK) help stabilize stock price fluctuations, maintaining a "buy" rating.

The Zhitong Financial APP learned that Citigroup released a research report stating that the target price for Lianqi Technology (06809.HK) in Hong Kong is set at 305 Hong Kong dollars, corresponding to a predicted price-earnings ratio of 66 times in 2027, with a rating of "buy" maintained. Citigroup stated that the H-shares of Lianqi Technology provide rare opportunities for international investors to participate in the expansion of Chinese and global AI data centers. Its strong AI theme is favored by international investors, leading to a premium of H-shares over A-shares.