Citi raised Chuangke Industrial's (00669) profit forecast for 2024 and 2025 by 3% and 2%, respectively.
The Zhitong Finance App learned that Citi released a research report stating that it raised the target price of Innovation and Technology Industries (00669) by 3%, from HK$113 to HK$116, and raised the 2024 and 2025 profit forecasts by 3% and 2% respectively to reflect the impact of the increase in revenue forecasts. The bank pointed out in the report that Chuangke Industrial's performance last year was slightly better than expected, while the US and European market share is strong this year, and the company has potential room for growth.