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Is Minth Group Limited's (HKG:425) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?
Hong Kong stocks anomaly | Minth Group (00425) rose nearly 5%, driven by three main factors, starting a new upward cycle. The business, represented by battery packs, is expected to see a rapid increase in volume.
Minth Group (00425) rose nearly 5%, as of the time of writing, up 4.8% to HK$15.72, with a turnover of 90.0842 million Hong Kong dollars.
[Brokerage Focus] gf sec maintains a buy rating on minth group (00425), indicating that its internal growth, capacity release, and localization trend will drive development.
GF Securities released a research report, stating that Minth Group (00425) 's exterior parts business is under pressure from downstream customers, while the new energy market share of the downstream customers in the battery box business is driving the company's performance growth; the short-term gross margin benefits from the overseas production capacity ramping up, and the long-term benefits from the slowdown in depreciation and amortization growth; the expense ratio is under pressure in the short term due to the rise in marine transportation costs, but in the long run, there is further room for compression. The firm pointed out that with the trend of the intelligent and electrification of automobiles, the value of exterior parts per vehicle has increased, driving the continuous expansion of the exterior parts market, and its exterior parts business is expected to rely on mature technology, patent barriers, and a vertical industry chain.
Minth Group (00425.HK) purchased 0.5 million shares for 7.29 million Hong Kong dollars on September 25th.
On September 25, Gehl's report announced that minth group (00425.HK) spent 7.29 million Hong Kong dollars to repurchase 0.5 million shares on September 25th.
Minth Group (00425) spent 7.2875 million Hong Kong dollars to repurchase 0.5 million shares on September 25th.
minth group (00425) announced that it will spend 7.2875 million Hong Kong dollars to repurchase shares on September 25, 2024...
GF Sec: Raised the year-on-year growth rate expectation of passenger vehicle retail sales for 2024 to 5%-10%.
Taking into account the enhanced stimulus effect of the old-for-new policy, the successive introduction of local replacement subsidies, and normal seasonal patterns, the year-on-year growth rate of passenger vehicle retail sales in 2024 is expected to be adjusted from 0%-5% to 5%-10% for the whole year.
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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!