Guotai Junan Securities: Initiates Bote Car Network (02889.HK) with a "buy" rating and a target price of 280 Hong Kong dollars.

CICC has recently released a research report on Continental Tiger's first coverage of BoTai Carlink (02889.HK) and rated it as "Buy", with a target price of HKD 280.20. The report points out that intelligent cockpits continue to expand as the core interactive entry in the context of accelerating automotive intelligence. BoTai Carlink has established a clear growth path with its technological capabilities, customer base, product upgrades, and international cooperation. With the expansion of revenue scale, the rebound of gross profit margin, and the improvement of operational efficiency, the company's profitability is expected to reach a substantial turning point, with the first annual profit expected to be achieved in 2026.