[ET Net News Agency, 13 November 2020] Jefferies Research lifted its target price for
Minth Group (00425) to HK$40.2 from HK$30.2 and maintained its "hold" rating.
The research house said Minth would be a beneficiary of global auto market recovery. The
new offerings could be a revenue driver in the near term to assure continual growth, and
the expansion of traditional business with client base expansion enhanced its leadership.
Jefferies noted that near-term pressure exists with declining volume and price cuts from
OEMs. (KL)