Minshi Group (00425) rose more than 4%. As of press release, it rose 4.17% to HK$16.5, with a turnover of HK$9.249,900.
The Zhitong Finance App learned that Minshi Group (00425) rose more than 4%. As of press release, it had risen 4.17% to HK$16.5, with a turnover of HK$9.249,900.
According to the news, Citi released a research report saying that it launched a 90-day upward catalyst observation for the company. It is estimated that the company's revenue for the first four months of this year increased 15% to 20% year on year, gross margin reached 28%, and net profit increased 30% year on year. The performance was superior to the company's annual guidelines. Maintaining Minshi Group's “Buy” rating, the target price was raised from HK$22 to HK$24.
BOC International, on the other hand, said that in the automotive interior and exterior market segment, it believes that the fundamentals of the Minshi Group are relatively stable because it has established a huge customer base and diversified revenue sources. According to the agency's unanimous expectations, the current forward price-earnings ratio is about 6.9 times, and the forward dividend ratio is expected to exceed 5% when dividends are resumed.