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<Research>CLSA: MINTH GROUP Likely to Benefit from German EV Subsidies; TP Raised to HKD43
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The recent introduction of electric vehicle (EV) subsidies in Germany is likely to serve as a catalyst for MINTH GROUP (00425.HK), a leading European battery housing supplier, CLSA said in its report. The broker was less concerned about rising aluminum prices, expecting that the aluminum GPM will have more buffer due to incremental orders and leverage in processing. The target price of MINTH GROUP was increased from HKD36 to HKD43, with Outperform rating kept. AASTOCKS Financial News Website: www.aastocks.com |
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