Citigroup: Raises target price of Ningde Times (03750.HK) to 888 Hong Kong dollars, expected profits to reach a trillion Chinese yuan this year.

According to the Wise Financial News APP, Citibank released a research report stating that it has raised the target price of Ningde Times (300750.SZ) A shares from 576 RMB to 603 RMB. At the same time, based on a historical premium of 28% for the H shares of A shares (reflecting its scarcity as a global battery leader in the offshore market), the target price of Ningde Times (03750.HK) H shares has been raised from 621 HKD to 888 HKD, maintaining a "buy" rating and continuing to be listed as the "preferred" in this sector. The new target price for H shares is equivalent to a 2026 fiscal year expected P/E ratio of 34.3 times and a P/B ratio of 8.7 times.