1037 GMT - Chinese supply-chain fintech provider Linklogis's outlook is brightening, Citi analysts say as they upgrade the stock. While the firm reported a 1H loss and revenue fell, the worst seems to be over. Linklogis is stepping up buyback commitments and Citi sees scope for a turnaround. Linklogis looks well-placed for stablecoin-digital token platform monetization in 2026, when its international business is expected to break even, Judy Zhang and others say. Infrastructure projects in China should help deliver a steady earnings recovery, potentially allowing the company to rejoin the HSI and be eligible for southbound trading. Citi raises the stock's target to HK$3.05 from HK$2.80 and upgrades it to buy/high risk from neutral. Linklogis closed up 23% at HK$2.76. (jason.chau@wsj.com)
(END) Dow Jones Newswires
August 27, 2025 06:38 ET (10:38 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.