[Citi: Initiates Buy Rating for InnoLight Technology H-Shares, Target Price HK$1,524] Odaily Planet Daily News - Citi released a research report stating that it has initiated coverage of InnoLight Technology (03308.HK) H-shares with a Buy rating. Based on a forecasted 16.2x P/E ratio for 2027, the target price is set at HK$1,524. The firm expects the company's revenue and net profit compound annual growth rates (CAGR) from 2025 to 2028 to reach 129% and 149%, respectively, driven by strong demand for AI optical communication, bandwidth upgrades, rapid capacity expansion, improved product mix, increased adoption of silicon photonics technology, and operating leverage. Citi believes that the company's comprehensive product portfolio, scalable production capacity, advanced technological progress and R&D capabilities, flexible and resilient supply chain, and strong relationships with global leading cloud service providers and AI clients are likely to support its leading position in the AI era. (Jin10)