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<Research>M Stanley Rates MINTH GROUP as Overweight; Mgmt Hints at Potential 20%+ Growth in 2026 Core NP
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The management of MINTH GROUP (00425.HK) expressed a positive outlook during the earnings conference, according to Morgan Stanley's research report. They aim to further improve 2026 earnings growth from last year's 16% and, while expecting a CAGR of 20% in the automotive parts business from 2026 to 2030. Considering last year's fair value gain of more than RMB200 million and additional profit contributions from new businesses like AI server liquid cooling and eVTOL, the target for core earnings growth this year could exceed 20%. Morgan Stanley has kept an Overweight rating on MINTH GROUP, with a target price of HKD50. AAStocks Financial News |
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