Citi has lowered its price target for Crystal International (02232) to HK$8.2 while maintaining a "Buy" rating. According to a research report, the company's performance last year was largely in line with expectations, with revenue and net profit reaching US$2.64 billion and US$225 million, up 6.9% and 12% year-on-year, respectively. The bank reduced its profit forecasts for 2026 to 2027 by 6% to 8%. The company expects mid-to-high single-digit growth in production volume this year, slightly below expectations. However, Citi expressed confidence that Crystal International can achieve high single-digit targets, noting that the company will do everything possible to exceed these goals if it can enhance operational efficiency.