Understanding the Market | MINTH GROUP rises over 5% as the company's overseas production capacity layout improves, CITIC Securities gives a "Buy" rating

MINTH GROUP rose over 5%, as of the time of writing, up 7.90%, priced at HKD 33.6, with a transaction volume of HKD 517 million. CITIC Construction Investment stated that the company, leveraging its global leading position in the new energy battery box business and technological advantages in intelligent exterior systems, is expected to continuously benefit from the trends of automotive electrification and intelligent transformation. The improvement of overseas production capacity layout will fully seize the opportunities for Chinese automotive companies going abroad, while the optimization of domestic business structure will enhance profit quality. It is expected that the company's performance will maintain steady growth in 2025-2026, achieving a net profit attributable to the parent company of RMB 2.660/2.943 billion, corresponding to a PE of 13.94/12.60 times, and is given a "Buy" rating. Shenwan Hongyuan pointed out that after the TMT sector leads the rise, technology-driven sectors are also expected to follow suit, including robotics and low-altitude economy. The domestic robotics industry chain-related targets are mainly excellent companies with "new" + "industrial accumulation," and it is recommended to pay attention to MINTH GROUP. It is recommended to focus on component companies with strong performance growth, robotics layout, or overseas expansion capabilities