Lyon released a research report sayingvrpoker, first gave a "buy" rating to Times Electric (03898) with a target price of HK$36. In the next three years, the company will upgrade China's rail transit and maintain cycle.vrpokerThe main beneficiaries. As overdue advanced maintenance orders have begun to flood the market, the company received more orders in the first quarter of fiscal year 2024 than in the whole of fiscal year 2023.

The bank estimates that about 3,000 old diesel locomotives in China need to be replaced, which will provide replacement needs worth more than 60 billion yuan. As for the emerging equipment segment, which has also entered the final stage of market integration, the bank expects the company's power semiconductor business to contribute approximately 36% of profits in fiscal 2024.