---
title: "Citi: Raises REPT BATTERO target price to HKD 19, maintains \"Outperform\" rating"
description: "Citi released a research report stating that it believes REPT BATTERO will benefit from the rebound in ESS battery demand, raising the company's net profit forecast for this year to RMB 102 million, a"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/260860661.md"
published_at: "2025-10-13T08:58:02.000Z"
---

# Citi: Raises REPT BATTERO target price to HKD 19, maintains "Outperform" rating

> Citi released a research report stating that it believes REPT BATTERO will benefit from the rebound in ESS battery demand, raising the company's net profit forecast for this year to RMB 102 million, and adjusting the net profit forecasts for 2026 and 2027 to RMB 724 million and RMB 1.3 billion, respectively. The firm maintains a "Outperform" rating on REPT BATTERO and changes the valuation basis from discounted cash flow to a sum-of-the-parts valuation method, raising the target price from HKD 14 to HKD 19, which corresponds to an estimated enterprise value to EBITDA of about 12 times for 2027

According to the Zhitong Finance APP, Citibank has released a research report stating that it believes REPT BATTERO (00666) will benefit from the recovery in ESS battery demand, raising the company's net profit forecast for this year to RMB 102 million, and adjusting the net profit forecasts for 2026 and 2027 to RMB 724 million and RMB 1.3 billion, respectively. The bank maintains a "outperform" rating on REPT BATTERO and changes the valuation basis from discounted cash flow to a sum-of-the-parts valuation method, raising the target price from HKD 14 to HKD 19, which corresponds to an enterprise value to EBITDA of approximately 12 times for the year 2027

### Related Stocks

- [00666.HK - REPT BATTERO](https://longbridge.com/en/quote/00666.HK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.