The Zhitong Finance App learned that Ling Xiong Technology (02436) rose more than 7%, reaching a new listing high of HK$13.4. As of press release, it had risen 4.84% to HK$13, with a turnover of HK$1,222,600.

Haitong International released a research report saying that at present, there are many companies in the IT equipment subscription leasing and operation industry, but due to factors such as capital and technology, the scale of enterprises is generally small. Ling Xiong Technology, as a leading player in this field, benefits from its unique development model and digital transformation capabilities.

The bank pointed out that according to estimates, the company's valuation in 2023 is 5.54 billion yuan. It is expected to achieve total revenue of 1,797/24.05/3.401 billion yuan in 2022-24, and the adjusted net profit is 5 million/46 million/133 million yuan. The company has already reached the break-even point and will continue to be profitable for the next three years. The bank first gave a “better than the market” rating, with a target price of HK$17.51.