Minth Group (425 HK) New Businesses Began to Score October 21, 2019 52

PSR Recommendation: ACCUMULATE Status: Downgraded
Target Price: HKDHKD32

Investment Summary
Minth’s 2019H result lower than forecast, but the increasing trend of the oversea business is still to continued. In the near future, Minth’s production structure are expected to continue improving, triggered by increased investment on technology upgrades and product optimization We maintain the opinion that Minth’s existing businesses indicate a robust growth momentum, while great potential boom lies before the new ones, on the base of more input on R&D etc. We gave target price of HK$ 32 and Accumulate rating. (Closing price as at 17 October)

About the author

Profile photo of Zhang Jing

Zhang Jing
Phillip Securities (HK)

Bachelor Degree in Tongji University of Engineering; Master Degree in East China Normal University of finance. Currently covering the automobile and air sectors. She has years of experience in investment research and is good at combining analysis for the companies with industry prospects.

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