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Citibank: Lowering the target price of China Aviation Technology (02357) to HK$4 to maintain a “buy” rating
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The Zhitong Finance App learned that Citibank released a research report stating that it will cut China Aviation Technology (02357)'s revenue forecast for the next two years by 2%, reduce the annual gross margin from 22.6% and 23.2% to 21%, reduce the profit forecast for 2026 and 2027 by 12% and 17% in response to revenue growth and lower gross margin expectations, and lower the target price from HK$5 to HK$4. It is believed that AVIC will continue to benefit from the steady growth of China's military spending, export opportunities, and potential civil aviation development.

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