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00425 MINTH GROUP
RTNominal down12.360 -0.980 (-7.346%)
Others

23/08/2019 14:45

{I-bank focus}Jefferies lifts Minth Group (00425) to HK$25.9

[ET Net News Agency, 23 August 2019] Jefferies Research lifted its target price for
Minth Group (00425) to HK$25.9 from HK$22.7 and maintained its "buy" rating.
The research house said Minth's 1H results were in-line but margins beat. During the
briefing, management confirmed a positive outlook for 2H. Guidance for 2019 earnings
remained unchanged with positive growth, despite 1H's 9% decline.
Revenue drivers include overseas market growth, Japanese/European OEMs resilience, and
battery case projects to launch. Battery case products, together with operation
improvement in Mexico and higher capacity utilization, benefits margins. (KL)

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