Movement Alert|LINGYI ITECH Rises 3.05% in Regular Trading, Citibank Initiates Buy Rating with AIDC Business Landing in Suzhou

Market Focus
Aug 14

On August 14, LINGYI ITECH rose 3.05% in regular trading, trading at HKD 6.42/share, with turnover of HKD 74.08 million. The stock continued its upward momentum following multiple positive catalysts.

On the news front, Citibank recently initiated coverage on LINGYI ITECH with a Buy rating and an H-share target price of HKD 8.00, implying approximately 26% upside from the current level. Citi projects 2025-2028 revenue and net profit CAGRs of 23% and 33% respectively, driven by iOS product value enhancement, Readore liquid cooling contributions, robotics business expansion, and edge AI device growth. Future catalysts include the iPhone 18 foldable launch, Vera Rubin platform certification, and potential robotics order increases.

Additionally, on August 12, the company signed an agreement to establish its AIDC business headquarters and mass production center in Suzhou Xiangcheng, completing its full product portfolio covering server liquid cooling, server power supplies, and integrated rack systems. The AIDC division leverages subsidiary Readore's liquid cooling and Salcomp's server power solutions to form a differentiated cold-power integrated capability, with products certified by leading overseas computing clients.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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