[ET Net News Agency, 3 March 2021] Morgan Stanley lifted its target price for Minth
Group (00425) to HK$44 from HK$33 and reiterated its "overweight" rating.
The research house said Minth's shares fell 17% from the previous peak in mid-January
along with recent sector correction; while fundamentals are still healthy, positional and
rotational movements along with lower risk appetite weighed on near-term stock
performance.
However, Morgan thinks it's time to revisit Minth, given (1) a good balance of
traditional business and new initiatives; (2) better resilience to supply headwinds; and
(3) strong balance sheet and potential A-share listing favorable for long-term growth.
(KL)