Core Viewpoint - The management of Minth Group (00425) reaffirmed guidance for double-digit growth in both revenue and net profit for the year, with net profit growth expected to outpace revenue growth [1] Financial Performance - The operating expense ratio is expected to remain stable or slightly decrease [1] - The new order target has been raised to 15 billion RMB [1] - Capital expenditure guidance is set at 2 billion RMB [1] - Free cash flow is expected to continue improving [1] Earnings Forecast - Jefferies has raised its earnings forecasts for Minth Group for the fiscal years 2025 and 2026 to 2.7 billion RMB and 3.2 billion RMB, respectively [1] - The target price has been increased from 21.5 HKD to 32.1 HKD, while maintaining a "Hold" rating [1]
富瑞：升敏实集团(00425)目标价至32.1港元 维持“持有”评级