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00425 MINTH GROUP
RTNominal down16.480 -0.280 (-1.671%)
Others

15/11/2019 17:24

{I-bank focus}Goldman starts Minth Group (00425) at HK$33.5

[ET Net News Agency, 15 November 2019] Goldman Sachs initiated coverage on Minth Group
(00425) with a "buy" rating and a target price of HK$33.5.
The research house views Minth, China's leading niche auto interior/exterior parts
supplier and a global early-mover in aluminum (AL) parts, as the biggest beneficiary of
the light-weighting trend (an undervalued yet cost-effective solution for fuel economy).
Tapping the US$10bn AL parts TAM (total addressable market), Minth targets to double its
global market share to 33% in 2025, at which time the AL revenue contribution doubling
from 26% in 2018.
Goldman expects AL (due to higher ASP/margin opportunities) to drive long-term content
upgrades and earnings growth for Minth. (KL)

Remark: Real time quote last updated: 02/04/2020 17:59
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