[ET Net News Agency, 21 November 2019] UBS Global Research lifted its target price for
Minth Group (00425) to HK$33 from HK$26.4 and maintained its "buy" rating.
The research house said Minth's share price has gained 50% in the past six months. Its
investment case primarily rests on Minth offering unique exposure to extruded aluminium
products, which it is extending from trims to body structural segments (door frames and
battery cases), and UBS believes the investment case still remains valid with new product
launches imminent.
UBS expects Minth to generate strong earnings growth in 2H 2019 (up 50%) and 2020 (up
23%), despite continued softness in global auto production on weak China data. (KL)