[ET Net News Agency, 2 September 2020] Jefferies Research lifted its target price for
Minth Group (00425) to HK$30.2 from HK$25.5 and maintained its "hold" rating.
The research house said Minth's 1H revenue/earnings fell 20.9%/58.6% and GPM contracted
to 26.6% due to the global pandemic and China-US tensions.
But the new business intake was impressive. The new battery house orders (VW & CATL), JV
with Hella on radomes, and the first entry to Tesla's supply chain boost outlook.
Jefferies lifted its earnings forecast to -16.5% /46.4% in FY2020/21. (KL)