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<Research>JPM Expects Limited Impact on MINTH GROUP (00425.HK) from New Mexican Tariffs; Rating Overweight
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MINTH GROUP (00425.HK) cratered by approx. 6% yesterday (11th), which is believed to be due to market concerns over the Mexican Senate's approval of new tariffs on a broad range of Chinese imported goods, including auto parts and steel, with rates up to 50% starting 2026, JPMorgan published a research report saying. The potential 5% additional US tariff on Mexican imports would have a minimal impact, as all of MINTH GROUP's Mexican production complies with USMCA, JPMorgan added. The report highlighted that the Group has over 50 production bases in North America, the EU and Asia across 15 countries, with more than 16 years of overseas factory management experience, positioning it favorably in the face of de-globalization. Therefore, the broker rated MINTH GROUP at Overweight, with a target price of $70. AASTOCKS Financial News Website: www.aastocks.com |
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