BofAS Raises MINTH GROUP TP to HKD57, Optimistic on New Business Prospects

AASTOCKS News
2026.05.12 08:38
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BofAS has raised the target price for MINTH GROUPfrom HKD52 to HKD57, maintaining a Buy rating. The firm anticipates sustainable earnings growth by 2026, driven by advancements in robotics, solid oxide fuel cells, and liquid cooling systems. Management projects RMB500 million in revenue from robotics in 2026. BofAS adjusted its 2026 EPS forecast down by 1% to RMB2.7, while increasing the 2027 forecast by 1% to RMB3.13, and introduced a 2028 forecast of RMB3.52, citing attractive valuation at 12x 2026 forecast PE.