Minth Group 0425

Re: Minth Group 0425

Postby winston » Wed Dec 09, 2009 3:47 pm

Down 9% today. PE 22

=======================================

*DJ Minth Group Target Raised To HK$11.80 From HK$9.00 By MS
December 1, 2009
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Re: Minth Group 0425

Postby winston » Fri Jan 08, 2010 3:50 pm

Not vested. Down 6.5% today ..

DJ MARKET TALK: China Auto-Parts Plays Still In "Sweet Spot" - MS
Dec 1, 2009

1016 [Dow Jones] China auto component plays remain in sweet spot, set for improved 2H09, 2010 profitability, Morgan Stanley says, citing downstream vehicle sales acceleration in both domestic and overseas markets, improving product mix and capacity utilization rate, easing cost pressures on lower raw material prices.

Raises Minth Group (0425.HK) target to HK$11.80 from HK$9.00 after increasing FY09-10 EPS estimates by 12.5%, 10.6%.

"We are bullish on these three component players' solid fundamentals, believing their secular growth story is unchanged, given their well consolidated market structure, decent domestic growth and rising global outsourcing, opportunities in both OEM, and after-sales markets."

Source: Dow Jones Newswire
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Re: Minth Group 0425

Postby winston » Mon Apr 03, 2017 10:39 am

not vested

This month, I released 4 equity reports including GAC (2238 HK), SAIC (600104&n bsp;CH),Minth (425 HK) and NavInfo(002405 CH). Among which, we prefer Minth first.

Minth has already been a core global supplier of BMW's aluminum strips and entered Audi's and Daimler's global procurement system, with anticipated CAGR exceeding 50%. Beginning from H2 2015, gross margin has resumed to 34% thanks to sales-structure optimization and capacity-utilization improvement after the Wuhan plant's reaching target output.

We expect the pick-up trend to maintain as projects geared to BMW, Audi and other high-end customers proceed.

In terms of intelligent drive, it entered vehicle-camera sector in 2015 by acquisition of SPTek, an automotive electronics company in Taiwan for a 51% stake, formed a 60/40 JV with Japanese Fujitsu in 2016, and ran its Chunxiao camera plant in 2016, which is likely to be a new profit growth point if certification goes well.

Source: Phillips
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Re: Minth Group 0425

Postby winston » Fri Jun 26, 2020 10:56 am

not vested

MINTH GROUP(425)

Analysis:

Minth Group is China`s leading supplier engaged in the design, manufacture and sale of automobile trims, automobile trims, body structural parts and other related automobile parts.

Its market share of core products exceeds 30%.

Benefiting from the increase in orders from BMW, Audi, Daimler, GM and other customers, the company`s overseas business revenue in 2019 increased by 13.8% year-on-year;

Minth has been committed to broadening its product line and optimizing its product structure.

The expansion of new energy vehicles such as aluminum battery boxes, aluminum door frames, and ACC signs.

Among them, the aluminum battery box business has landed the fastest. It has entered the global electric vehicle platform supplier system of many OEMs in Europe, Japan, the United States and China. It has won multiple global project orders and has thus become the world`s largest aluminum battery.

One of the battery box suppliers. Although the epidemic brought challenges to the auto industry in the first half of the year, it is believed that the company has sufficient orders, the customer structure is high-quality, new products are gradually entering mass production, and the overseas business has a lot of room for improvement. These will be the guarantee factors for a strong rebound in performance after the epidemic.

Strategy:
Buy-in Price: $20.00, Target Price: $30.00, Cut Loss Price: $15.00

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Minth Group 0425

Postby winston » Fri Sep 25, 2020 10:44 am

not vested

MINTH GROUP(425)

Analysis:
Minth Group is China's leading supplier engaged in the design, manufacture and sale of automobile trims, automobile trims, body structural parts and other related automobile parts.
Its market share of core products exceeds 30%.

Benefiting from the increase in orders from BMW, Audi, Daimler, GM and other customers, the company's overseas business revenue in 2019 increased by 13.8% year-on-year;

Minth has been committed to broadening its product line and optimizing its product structure.

The expansion of new energy vehicles such as aluminum battery boxes, aluminum door frames, and ACC signs.

Among them, the aluminum battery box business has landed the fastest. It has entered the global electric vehicle platform supplier system of many OEMs in Europe, Japan, the United States and China.

It has won multiple global project orders and has thus become the world’s largest aluminum battery.

One of the battery box suppliers.

Although the epidemic brought challenges to the auto industry in the first half of the year, it is believed that the company has sufficient orders, the customer structure is high-quality, new products are gradually entering mass production, and the overseas business has a lot of room for improvement.

These will be the guarantee factors for a strong rebound in performance after the epidemic.

Strategy:
Buy-in Price: $28.10, Target Price: $37.00, Cut Loss Price: $22.50

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Minth Group 0425

Postby winston » Thu Aug 24, 2023 9:54 am

not vested

Minth Group (425 HK)
1H23: Earnings Beat On Lower SG&A; Raise Target Price To HK$33.00


Minth’s 1H23 net profit grew 35% yoy and 5% hoh to Rmb887m, 11% above our estimate
and in line with consensus.

The 1H23 earnings beat came from lower SG&A expenses.

Looking ahead, management is guiding for 2023 revenue growth at not less than 20%
but does not rule out above-guidance growth.

The growth drivers will be orders for battery housing and other EV-related parts.

We lift our 2023-25 EPS estimates by 8-10%.

Maintain BUY. Raise target price from HK$27.00 to HK$33.00.

Source: UOBKH

https://research.uobkayhian.com/content ... 00952a1a4e
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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