Citi: Initiate coverage of Guangzhou Technology (01989.HK) with a "Outperform" rating, target price of HK$251.4.

According to the China Securities APP, CICC released a research report stating that Bohai Technology (01989.HK) is the leading supplier of high-performance server PCBs, with long-term cooperation with major customers and strong technical capabilities. The cumulative revenue for 2022-2024 ranks first among mainland manufacturers and third globally. It is given an "outperform" rating for the first time, with an H-share target price of 251.4 Hong Kong dollars.