Group 1 - Goldman Sachs published a research report indicating that Minth Group's EBIT for the first half of the year met expectations [1] - The firm raised its net income forecast for Minth Group for 2025 to 2027 by 13% and increased the target price from HKD 27.6 to HKD 33.5 [1] - However, the rating was downgraded to "Neutral" due to concerns about the global automotive demand outlook [1] Group 2 - Goldman Sachs believes that the automotive demand in major markets is expected to peak, with growth projected to slow from 6% in 2023 and 2024 to 1% in 2025 and 2026, and further decline by 2% in 2027 and 2028 [1] - Consequently, the firm anticipates that Minth's net profit growth rate will decelerate to 15% in 2025 and 2026, and further drop to 11% in 2027 [1]
大行评级｜高盛：上调敏实集团目标价至33.5港元 估值重估将取决于全球汽车需求前景