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【Special Contributor】Deng Shengxing: The market is affected by USA auto tariffs, and investment sentiment is impacted.
Jinwu Financial News | The Hang Seng Index closed at 23,578 on Thursday (27th), up 95 points or 0.4%; the total market turnover for the day was 2,396 million. The National Index rose 0.3%, closing at 8,677; the Tech Index rose 0.3%, closing at 5,589. INNOVENT BIO (01801) turned from a loss to a profit under non-International Financial Reporting Standards, surging 17.4% for the day; Trump announced a 25% tariff on Autos not manufactured in the USA, causing NEXTEER (01316) to drop 2.4%; Minmetals (00425) fell 2.8%. The Dow Jones closed at 42,299 points on Thursday (27th), down 155 points or 0.37%; the S&P dropped 0.3.
Zhaoyin International: Raises MINTH GROUP's Target Price to HKD 26, rating "Buy".
CMB International released a Research Report stating that MINTH GROUP (00425) had a revenue growth of 13% year-on-year to 26.2 billion yuan this year, with a slight decline in gross margin to 28.6%. Selling and administrative expenses as a percentage of revenue narrowed by 0.7 percentage points year-on-year, and Net income grew by 17% year-on-year to 2.7 billion yuan. The firm maintained a "Buy" rating for the company and raised the Target Price from 21 HKD to 26 HKD. The firm noted that MINTH's revenue in the second half of last year was below their forecast, mainly due to the drag from Japanese brand business in mainland China, but the gross margin was higher than their forecast, largely benefiting from the improved gross margin of Battery boxes and Metal and trim business. Operating profit.
Daiwa Capital Markets: Raises the Target Price for MINTH GROUP (00425) to HKD 40, maintaining a "Buy" rating.
The management expects revenue to achieve double-digit growth in 2025 and plans to accelerate the development of new Business by 2026, such as Siasun Robot&Automation, electric vertical takeoff and landing aircraft (eVTOL), and electric vehicle Wireless Charging.
【Brokerage Focus】Zhaoyin International maintains a "Buy" rating for MINTH GROUP (00425), indicating that there is still significant room for Business growth in the medium term.
Jingwu Financial News | CCB International's research report indicates that MINTH GROUP (00425) 2H24 revenue is 9% lower than the previous forecast by the bank, primarily affected by the Japanese brand business in China. However, the gross margin is 1.7 percentage points higher than the bank's forecast, mainly benefiting from the improvement in the gross margins of the Battery case and Metal and trim business. Operating profit and Net income both meet the bank's previous expectations, with free cash flow increasing from 0.13 billion yuan in FY23 to 1.36 billion yuan in FY24. The bank points out that there is still significant business growth potential in the mid-term, along with improvements in operational efficiency helping the continuous growth of profits: the company disclosed FY24 Battery case business net.
Minth Group (MNTHF) Receives a Buy From DBS
Does Minth Group (HKG:425) Have A Healthy Balance Sheet?
28282828 : Ya this was in the Strait Times this morning. Nio is taking the longest to pay the bills
71229336Bedbugguy 28282828 : Nio and tlry to join forces to replace management team
72734102 : China cars aren’t selling in EU! Tesla Leads as always!