[ET Net News Agency, 1 April 2020] Daiwa Research cut its target price for Minth Group
(00425) to HK$25 from HK$31 and maintained its "buy" rating.
The research house believes Minth's strong long-term earnings growth prospects remain
intact, but management believes there is much uncertainty for its overseas operation in
the near term.
Management mentioned in the first two months of 2020 the group achieved 80% of its
original operation target. It didn't provide the exact guidance for the impact from the
outbreak, but it remains cautious on the overseas outlook in the near term as most of its
customers' production has been halted until at least mid-April. (KL)
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00425 MINTH GROUP
Nominal 
12.880 -0.320 (-2.424%) Research Report
01/04/2020 14:35
{I-bank focus}Daiwa trims Minth Group (00425) to HK$25
| Remark: | Real time quote last updated: 25/04/2024 18:00 |
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