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<Research>Citi Elevates MINTH GROUP-100 (00425.HK) TP to $56 on Strong Jan NEV Sales in Europe
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Citi Research issued a research report saying that, given MINTH GROUP-100 (00425.HK) steady progress in robotics, AI liquid cooling and overseas EV components, it slightly raised its 202/ 2027 revenue and net profit forecasts by 1-2%. To account for opportunities in robotics and AI liquid cooling, the broker elevated its target price from $46 to $56. The Company's NEV sales remained strong in Europe for January, and its updated national standard for EV batteries (effective from June 2026) will benefit quality manufacturers like MINTH GROUP-100, both of which enhance Citi Research's confidence in MINTH GROUP-100's revenue growth, Citi Research noted. Therefore, the broker kept rating at Buy on MINTH GROUP-100, noting that it trades at a projected 2026 PE ratio of 13x, lower than approx. 30x for SANHUA (02050.HK)'s H-shares, and maintained its 90-day upside catalyst watch on MINTH GROUP-100 (ending 22 April). AASTOCKS Financial News Website: www.aastocks.com |
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