Citigroup's research report pointed out that due to the strong growth in high-speed MU bidding and maintenance revenue, it recommended a "buy" rating for CRRC (01766.HK) and Times Electric (03898.HK). However, investors are still concerned about the surplus of insulated gate bipolar transistors (IGBT) and the resulting continuous price decline of IGBT products, but this will not affect the profit capability of Times Electric's semiconductor business. Therefore, investors prefer CRRC. The bank slightly lowered the target price of Times Electric by about 3% to 42 yuan.