---
title: "Citigroup: Maintains JLMAG \"Buy\" Rating with a Target Price of HKD 25.3"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/260820557.md"
description: "Citigroup's research report pointed out that the Ministry of Commerce and the General Administration of Customs announced on Thursday the expansion of export controls on rare earth products and technologies. Citigroup believes that this policy, through stronger domestic market protection, is beneficial to leading companies holding quotas. Citigroup also stated that JLMAG announced its preliminary performance for the first nine months yesterday, with a net profit of RMB 505 million to 550 million, an increase of 157% to 179% year-on-year, accounting for 71% to 77% of Citigroup's full-year estimate and 73% to 79% of market consensus. Citigroup maintains a \"Buy\" rating on the stock, with a target price of HKD 25.3"
datetime: "2025-10-13T02:37:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/260820557.md)
  - [en](https://longbridge.com/en/news/260820557.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/260820557.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/260820557.md) | [繁體中文](https://longbridge.com/zh-HK/news/260820557.md)


# Citigroup: Maintains JLMAG "Buy" Rating with a Target Price of HKD 25.3

On October 13th, Jinshi Data reported that Citigroup's research report pointed out that the Ministry of Commerce and the General Administration of Customs announced on Thursday the expansion of export controls on rare earth products and technologies. Citigroup believes that this policy, through stronger domestic market protection, benefits leading enterprises holding quotas. Citigroup also stated that JLMAG (06680.HK) announced its preliminary results for the first nine months yesterday, with a net profit of RMB 505 million to 550 million, an increase of 157% to 179% year-on-year, accounting for 71% to 77% of Citigroup's full-year estimate and 73% to 79% of market consensus. Citigroup maintains a "Buy" rating on the stock, with a target price of HKD 25.3

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