by 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"