The Zhitong Finance App learned that Jefferies released a research report saying that it raised the target price of Minshi Group (00425.HK) to HK$47.7. The company's gross margin for the first half of the year was resilient, and the robotics and liquid cooling business progressed in an orderly manner. Management reiterated the full-year double-digit growth guide. Revenue from emerging businesses was approximately RMB 100 million in the first half of the year, with robots and liquid cooling contributing 70% and 30% respectively. Management maintains a revenue target of 800 million yuan for emerging businesses for the year.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that Jefferies released a research report saying that it raised the target price of Minshi Group (00425.HK) to HK$47.7. The company's gross margin for the first half of the year was resilient, and the robotics and liquid cooling business progressed in an orderly manner. Management reiterated the full-year double-digit growth guide. Revenue from emerging businesses was approximately RMB 100 million in the first half of the year, with robots and liquid cooling contributing 70% and 30% respectively. Management maintains a revenue target of 800 million yuan for emerging businesses for the year.
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