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<Research>M Stanley Raises MINTH GROUP's TP to HKD50, Optimistic About Humanoid Robot & Liquid Cooling Biz Fueling Rev. Growth
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The stock price of MINTH GROUP (00425.HK) has risen by 35% YTD, way above the HSI's around 4% increase over the same period, reflecting the market's growing expectations for orders in its humanoid robot and liquid cooling businesses, Morgan Stanley's research report said. From Morgan Stanley's perspective, MINTH GROUP has an advantage in global production layout compared to other Chinese local suppliers, given that it has factories already established in the US, Canada, and Mexico. On top of that, MINTH GROUP announced earlier this month that it would establish a joint venture with LEADER HARMONIOUS (688017.SH) in the US to expand humanoid robot joint module assemblies in the North American market. Morgan Stanley has kept an Overweight rating on MINTH GROUP and raised its TP from HKD43 to HKD50. Based on higher-than-expected revenue from humanoid robots, liquid cooling, and electric vertical takeoff and landing aircraft businesses, the broker lifted its mid-term growth rate forecast for MINTH GROUP from 7% to 9%. AAStocks Financial News |
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