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<Research>CMBI: MINTH GROUP (00425.HK) Battery Compartment/ Robotics/ Liquid Cooling Biz Drive Solid Growth Outlook; TP Lifted to $42
Recommend 8 Positive 11 Negative 1 |
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MINTH GROUP (00425.HK) may achieve higher revenue from its aluminum parts and battery compartment businesses amid rising raw material prices, CMBI published a research report saying. The broker raised its 2H25 revenue forecast for the Company by 1% to RMB13.7 billion, up 13% YoY. Given MINTH GROUP's ability to pass most of the raw material price hikes onto customers, CMBI maintained its 2H25 gross margin forecast at 29.1%. To accelerate the development of new businesses such as robotics and liquid cooling, the broker predicted its 2H25 R&D expense ratio to increase by 0.4 ppts HoH. Furthermore, CMBI projected MINTH GROUP's NEV sales in Europe to grow by 16% YoY this year, with European brands capturing Tesla (TSLA.US)'s market share, benefiting MINTH GROUP's battery compartment business. Therefore, the broker kept rating at Buy on the stock, and lifted its target price from $38 to $42. AASTOCKS Financial News |
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