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CMB International: First buy rating for Minth Group (00425), target price of HKD 21.
Zhaojin International predicts that Minth Group (00425) net income will increase by 18%, 14%, and 13% from 2024 to 2026, respectively, reaching 2.2 billion, 2.6 billion, and 2.9 billion yuan.
Brokerage Focus: CMB International initiates a 'buy' rating for Minth Group (00425) and expects significant growth potential in the battery box business.
According to a research report released by CMB International, China's car companies going global is an inevitable trend, and with it comes a significant increase in overseas trade risks and demand for localized supplies. Minth Group (00425) has nearly 20 years of overseas experience, making it more advantageous than most Chinese auto parts suppliers who have just started going global or are still losing money overseas, the bank suggested. It is expected that the unit price of battery boxes will gradually decrease over time, but with the increasing penetration rate of electric vehicles globally and the potential increase in Minth's market share in the battery box field, the bank believes that Minth's battery box business still has enormous growth potential. It is estimated that Minth's revenue from battery boxes will reach 24 billion yuan in the future.
Investors Could Be Concerned With Minth Group's (HKG:425) Returns On Capital
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and
Hong Kong stocks surged in the morning | Auto parts stocks rose across the board, many companies reported positive performance. The acceleration of autonomous driving promotes landing.
According to the Zhitong Finance APP, the auto parts sector rose across the board in early trading. As of press time, Intron Tech (01760) rose 4.83% to HK$1.52; Zhejiang Shibao (01057) rose 3.94% to HK$2.11; Nexteer (01316) rose 3.63% to HK$3.43; Minth Group (00425) rose 3.05% to HK$12.18; BOE Varitronix (00710) rose 1.37% to HK$4.43. According to DataBao statistics, as of July 9th, 15 individual stocks in the auto parts industry have disclosed their business results for the first half of 2024.
Hong Kong Stock Market Update: Auto parts stocks fell today, institutions claim that the marginal easing of the car price war has stabilized the performance of major car companies in the industry chain.
Auto parts stocks fell today. As of press time, Zhengzhou Coal Mining Machinery Group (00564) fell by 5.43%, to HKD 9.57; Nexteer (01316) fell by 5.42%, to HKD 3.14; BOE Varitronix (00710) fell by 3.56%, to HKD 4.34; Minth Group (00425) fell by 2.5%, to HKD 11.7.
[Brokerage Focus] GTJA points out that the penetration rate of new energy autos has reached a new historical high, and the sector still offers opportunities for well-performing auto companies and component manufacturers.
GTJA stated that the penetration rate of new energy autos (both retail and wholesale) has reached a historic high. Overall, the sales performance in the terminal market is strong in May 2024. The bank pointed out that the outcome of the temporary implementation of EU tariffs is still to be waited for.
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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!