Citic Securities: Gives Redbaby City Technology (09911.HK) "buy" rating with high growth potential in future performance.

According to the WiseWealth APP, China-Thai Securities has released a research report stating that it is expected that XyzTech (09911.HK) will achieve total revenue of 8.614/10.616/13.064 billion yuan from 2026 to 2028, an increase of +25%/+23%/+23% year-on-year; achieving a net profit attributable to shareholders of 1.18/1.494/1.909 billion yuan, an increase of 26%/+27%/+28% year-on-year. The company selected Tencent Holdings, Bilibili, and Kuaishou as comparable companies in the social entertainment sector, with a median dynamic PE ratio of 13x and an average of 18x. Considering that the company's flagship products and innovative businesses are on the rise, and the social and entertainment market in regions such as MENA and Southeast Asia is vast, the company has high growth potential in future performance, and a "buy" rating is given.