Citigroup: Initiates a 90-day catalyst observation on Yadea Holdings with a target price of HKD 22.5.

Citibank released a research report stating that it will conduct a 90-day upward catalyst observation on Yadea Holdings. It is expected that the wholesale volume of electric bicycles will reach 8.7-8.8 million units in the first half of 2025, in line with market expectations. The report gives a "buy" rating with a target price of HK$22.5, estimating that the wholesale volume in the first five months will be close to 7 million units.