Gelonghui on September 19th | Citigroup's research report pointed out that due to the strong growth of high-speed MU bidding and maintenance income, CRRC Corporation and Times Electric are rated as 'buy', however, investors are still concerned about the potential oversupply of insulated gate bipolar transistors (IGBT), which seems to be causing a continuous decline in IGBT product prices, but this will not affect the profit capability of Times Electric's semiconductor business. Therefore, investors prefer CRRC Corporation. The bank has slightly adjusted the target price of Times Electric down by about 3% to HK$42.