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Citi lifts ZhengTong Auto (01728) to HK$13.7
Citi Research lifted its target price for China 
ZhengTong Auto Services Holdings (01728) to HK$13.7 from HK$13.31, and reiterated its
"buy" rating.
  The research house raised its 2017-19 NP forecast to Rmb1.2bn/2.07bn/3.25bn from 
Rmb1.13bn/1.82bn/3.06bn after factoring in better new car sales volume & ASP/GPM based on
feedback from Citi's recent auto tour.
  It expects ZhengTong to record 114% auto finance net profit CAGR 2017-19.

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