Citi: Newborn Town Technology (09911.HK) First Three Quarters Revenue Beats Expectations; Reiterates "Buy" Rating and HK$13 Target Price

Zhitong Finance APP has learned that Citi issued a research report stating that Newborn Town Technology's (09911.HK) total revenue for the first nine months of 2026 is expected to range from US$927 million to US$948 million, up 33.8% to 36.8% year on year, higher than the bank's expectations. The bank reiterated its "Buy" rating with a target price of HK$13 amid recent sector volatility. Citi accordingly estimates that Newborn Town Technology's third-quarter revenue was approximately US$320 million to US$341 million, up 28% to 36% year on year.