Citibank: Initiates 30-day catalyst observation on Jian Tao Group (00148.HK), reiterates "buy" rating.

According to the Zhitong Finance and Economics APP, Citibank released a research report stating that it has raised its profit forecast for Build Top Group (00148.HK) for the years 2026 to 2028 by 16% to 28%. They reiterated their "buy" rating and significantly raised the target price based on the Sum-of-the-Parts (SOTP) valuation method from 89.6 Hong Kong dollars to 202 Hong Kong dollars to reflect the profit increase. They also narrowed the discount on the holding company from the previous 45% to 50% to 20%.