Citigroup released a report, opening a 90-day downside catalyst observation for Yeahka (09923.HK). Rated "Buy/High Risk" with a target price of 16.7 yuan.

The report points out that weak offline consumption will potentially have a negative impact on the total payment transaction volume growth of Yeahka. In addition, Yeahka faces competition from other bank card transaction participants. The bank believes that the total payment transaction volume growth in the first half of the year and the forecast for the recovery of the total payment transaction volume for the whole year are both facing potential downside risks for Yeahka.