[ET Net News Agency, 23 August 2018] Jefferies Research lowered its target price for
Minth Group (00425) to HK$38.5 from HK$46, and maintained its "buy" rating.
The research house said 1H earnings missed due to contracting margins and less one-off
gains. But management has maintained guidance for 2018 growth and has become more
confident about 2019 growth.
Jefferies noted that negative factors pressuring 1H margins could turn favorable (RMB to
depreciate in 3Q, aluminum prices are currently lower, and competitors lost market share
or even exited) in 2H. In addition, the company has achieved breakthrough in new orders
for multiple strategic products. (KL)
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00425 MINTH GROUP
Nominal 
14.540 +0.680 (+4.906%) Others
23/08/2018 14:48
[I-bank focus]Jefferies cuts Minth Group (00425) to HK$38.5
| Remark: | Real time quote last updated: 24/09/2024 17:59 |
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