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<Research>CMBI Raises TP for MINTH GROUP (00425.HK) to HKD44, Maintains Buy Rating
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CMBI, in its report, maintained Buy for MINTH GROUP (00425.HK), raising the target price from HKD42 to HKD44. The revenue and gross margin of its aluminum division in 2H25 trailed behind the broker's expectations, owing to sales volume miss from major clients and delays in business transition affected by the bankruptcy of German auto parts supplier WKW. Thanks to strict control over operating costs, its net profit for 2H25 was broadly in line. The management set aggressive five-year revenue targets, boosting the broker's confidence in the quality of MINTH's order backlog. CMBI believed that MINTH's over 60% overseas revenue, along with its deployment in the robotics and liquid cooling sectors, not only supports revenue growth but also helps enhance valuation. AASTOCKS Financial News Website: www.aastocks.com |
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