Core Viewpoint - Citigroup reports that Cao Cao Travel (02643) aims to establish a one-stop travel and business travel technology platform by acquiring StarRides and Geely Business, targeting both individual and corporate clients [1] Group 1: Strategic Initiatives - The acquisition of StarRides and Geely Business is intended to enhance service offerings for corporate clients and high-end users [1] - Providing services to these user groups is expected to improve Cao Cao Travel's overall ARPU (Average Revenue Per User) and profit margins [1] Group 2: Market Positioning - The targeted user groups are likely to exhibit higher loyalty and stickiness to the platform [1] - The strategy may create cross-selling synergies for the company's existing ride-hailing business [1] Group 3: Analyst Rating - Citigroup maintains a "Buy" rating for the company and reiterates a target price of 70 HKD [1]
花旗：续予曹操出行(02643)目标价70港元 收购事项可带来协同效应