Citigroup believes that there are potential downside risks to the growth of total payment transactions in the first half of the year and the forecast for the recovery of total payment transactions for the year for Yeahka.
Zhongtong Finance APP learned that Citigroup released a research report stating that it gave Yeahka (09923) a "buy" rating, and opened a 90-day downward catalyst observation with a target price of HK$16.7. The weak offline consumption will bring potential negative impact on Yeahka's total payment transaction volume growth. In addition, the company faces competition from other bank card transaction participants. The bank believes that there are potential downside risks to the growth of total payment transactions in the first half of the year and the forecast for the recovery of total payment transactions for the year for Yeahka.
