Citi starts coverage of Zhongji Innolight with buy rating, HK$1,524 target
AI Summary- Citi initiated coverage of Zhongji Innolight’s H shares with a buy rating.
- HK$1,524 is Citi’s target price, based on 16.2 times 2027 forecast earnings.
- Zhongji Innolight’s revenue and net profit are forecast to grow through 2028.